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Venezuela's Fedeagro says local corn and rice producers could lose up to $450 per tonne because farm-gate prices sit below production costs. It says white corn trades at $340 per tonne, yellow corn at $300, and rice at $310 to $350, against a estimated minimum of $400.
The federation blames import tax treatment, the import-parity pricing benchmark and the end of agricultural subsidies.
Low domestic prices and tax advantages for imports weaken incentives for local grain planting, which would keep Venezuela reliant on imported corn and rice. The effect on world futures prices is small.
panorama.onlYuleima S.C.Nov 3, 2026After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
