As part of the domestic supply program, aimed at food sovereignty, Venezuela received 10,732 tons of soybeans through the port of Maracaibo, Zulia state. Soybeans are a fundamental raw material for the national productive apparatus.
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raw material
The World Bank assures that the Latin American economy will grow by 3 %
The World Bank estimates that the Gross Domestic Product (GDP) of Latin America and the Caribbean will grow 3 % in 2022, a rate higher than expected due to the increase in the prices of raw materials.
However, the agency estimates that…
Latin America could enter a new positive wave of raw material
Latin America could re-enter a new commodity supercycle like the one that occurred in the 2004-2014 period, due to the restriction of the supply of many commodities due to environmental considerations.
This was indicated by the latest…
Biden will respect the autonomy of the Federal Reserve
Joe Biden, president of the United States, met Jerome Powell, president of the central bank, to discuss issues related to the economy and has promised to respect the autonomy and independence of the Federal Reserve in managing and…
New public purchases law will stimulate import substitution
The approval, by the National Assembly, of the Law on public purchases will allow the acquisition of nationally produced goods, which will promote the progressive substitution of imports.
Orlando Camacho, president of Fedeindustria and…
Russia is the second largest oil supplier to the US
The United States' imports from Russia of crude and refined petroleum products increased 23 % compared to May to reach about 844,000 barrels per day. This is demonstrated by the information published by the Energy Information Administration…