JBS beef exports to Venezuela quadruple in four years
15/09/2015
The growth is in part due to a Venezuelan policy to improve food security. The president of Venezuela’s congress, Diosdado Cabello, met JBS officials over the summer to cement ties, according to a report on Bloomberg.
JBS has a $2.1 billion contract with the country and provides almost half its red meat.
Bloomberg reported that as a consequence of the Venezuelan government’s land redistribution programme, domestic beef production has fallen from 60% of the market a decade ago to 20%, citing the country’s meat council and the US Department of Agriculture.
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