Monday, May 13th 2013 - 04:21 UTC

Maduro trying to deal with his main challenges: food scarcity and inflation

President Nicolas Maduro accused Lorenzo Mendoza, owner of Empresas Polar SA, Venezuela’s largest privately held company, of reducing food production and creating shortages amid record scarcity and the region’s fastest inflation close to 30%.

Mercosur members have pledged to help fill the empty shelves of Venezuelan supermarkets

The Venezuelan president must also address inflation running at 30%

“We have many signs that Polar has been cutting production and hiding products, pretending that nothing is happening, to create shortages of products such as pre-cooked corn flour” Maduro said. Corn flour is used to make arepas, or patties, that are a breakfast staple in many Venezuelan homes.

Venezuela’s scarcity index, which measures the amount of goods that are out of stock on the market, rose to 21.3% last month, the highest since the central bank started tracking the measure in April 2009.

Maduro last week visited Uruguay, Argentina and Brazil in a bid for political support to his questioned electoral victory but mainly to ensure food supplies which threaten his recently inaugurated government.

Brazil is studying emergency food sales to Venezuela, Marco Aurelio Garcia, foreign policy adviser to President Dilma Rousseff said last week. Uruguay and Argentina have also pledged to send more food although the main problem is seen as the distribution chain, much of it through inefficient government stores, and inflation

Venezuela wants to work with Polar, Maduro said on Saturday on a national broadcast. He ordered Vice President Jorge Arreaza to arrange a meeting in his offices.

“We are willing to go to the necessary institutions to cooperate with the search for solutions that favour the Venezuelan people and collaborate with the country’s food security,” Polar said in a statement posted on its Facebook page, adding that the company would attend the meeting.

Consumer prices rose 4.3% in April, pushing the annual inflation rate to 29.4%, the highest since August 2010, from 25.1% a month earlier.

Maduro defeated opposition candidate Henrique Capriles by 1.49%, the narrowest margin in 45 years, on April 14 after Hugo Chavez died March 5 from an undisclosed type of cancer. Capriles is contesting the result in the Supreme Court, while the electoral council finishes an audit of the votes.
 

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1 Chicureo (#) May 13th, 2013 - 04:38 am Report abuse
I lived throught the Chilean UP, with long lines outside of supermarkets wit few goods inside. Low prices, but limited supplies purchased with coupons. Argentina will eventually face the same if they keep their “voluntary” price controls in effect.
2 Anglotino (#) May 13th, 2013 - 05:25 am Report abuse
Maduro

I suggest you list all your task under one subheading titled “Chavez's Fuckups”. This will help focus the mind.

On a side note, A SCARCITY INDEX? You've got to be kidding me.
3 Ayayay (#) May 13th, 2013 - 06:05 am Report abuse
It's fun to watch Maduro lie in Chavez's bed. These leaders don't really think constructively w long-term plans.
4 reality check (#) May 13th, 2013 - 06:48 am Report abuse
According to Mad duro, they have oil for another 100 years.

Food for another 100 days on the other hand, seems to be a problem!

You could not make this up. They live in the equivelant of a gold mine and can not even feed themselves. Talk about organising a piss up in a brewery!!!!
5 Porto Margaret (#) May 13th, 2013 - 08:10 am Report abuse
Maduro has his refrigerator full of cheese.
6 Frank (#) May 13th, 2013 - 08:23 am Report abuse
Another dodgy Mercopress photo..... thats not Caracas.... thats a BA supermercado.....
7 Britworker (#) May 13th, 2013 - 08:50 am Report abuse
lol, yoghurt and cheese strings for dinner then.
8 Gordo1 (#) May 13th, 2013 - 09:00 am Report abuse
Maduro is learning from Argentina - blaming everyone but the administration for the shortages.
9 Pirate Love (#) May 13th, 2013 - 09:55 am Report abuse
“Chavism”.........Embrace it, theres more to come!
10 GeoffWard2 (#) May 13th, 2013 - 10:16 am Report abuse
If the Chavez-price control placed on the company for its rice and maize-meal food production means that the company is producing and selling at a significant loss, than who can blame it if it cuts back on production.
Same thing happened with Repsol in Argentina.

Anticipate full nationalisation of Empresas Polar SA for at least its foods division.
The Maduro visit to CFK will help Maduro to shoot himself in the foot even more effectively.
11 yankeeboy (#) May 13th, 2013 - 10:21 am Report abuse
These are the same retards that came up with the terms banksters and believe capitalism doesn't work.
I love to watch Socialism die a slow and painful death.
Slow and painful
mainly painful
12 ChrisR (#) May 13th, 2013 - 11:24 am Report abuse
11 yankeeboy

I know exactly what you mean.

“Do as I say and not as I do” seems to fit these despicable people very well though.

I wonder where he has parked his bus for a quick trip to the supermarket which still has food left, if they can find one.

LOL
13 yankeeboy (#) May 13th, 2013 - 12:37 pm Report abuse
Nobody in the Politburo has trouble getting food.
I think CFK's main worry is can she charter enough planes to get the loot out in time?
Well...the little that is left
All good Commie leaders retire in luxury if they make it that far.
14 briton (#) May 13th, 2013 - 01:42 pm Report abuse
We remember this well.

fighting over the cream crackers,
sour milk , and oe loaf in 3,

but the poor politicians 4 course meals 3 times a day,
cared not then , care not now.
15 reality check (#) May 13th, 2013 - 04:50 pm Report abuse
Seems like the Arab states could teach this twat a thing or two, like how to manage your resources.

The old saying, “fall in shit and come out of smelling roses” does not seem to apply here.

They seem to, “fall in shit and come out smelling of shit!”

Ferkin hell, what else do they need, they have it all and they still can not get it right.

Take my advice, take a gun and blow your ferkin brains out, but your so ferkin inept, you would probably miss!!!!!!!!
16 Condorito (#) May 13th, 2013 - 05:07 pm Report abuse
“the main problem is seen as the distribution chain, much of it through inefficient government stores”

Will they ever learn?
17 reality check (#) May 13th, 2013 - 05:16 pm Report abuse
Condorito

Question. What could Chile do for Chileans with their resources?

That my friend says it all.
18 Captain Poppy (#) May 13th, 2013 - 07:09 pm Report abuse
#15 actually, with their oil reserves, it's more like fall in roses and come out smelling and looking like shit. Venezuela is akin to the last man on earth in a world full or women and can't get laid.
19 GeoffWard2 (#) May 13th, 2013 - 07:11 pm Report abuse
Maduro - and Cristina - seem to believe that wishing it were so, and saying it is so, will make it happen and it will be so.

They have much in common with the Cargo Cultists, the stone age Pacific peoples who mistook mumbo jumbo for the real deal.

Making toy airports will not bring in real aeroplanes,
and running pretend economies will not save the countries and their peoples.
20 cornelius (#) May 13th, 2013 - 07:53 pm Report abuse
The stupid people of South America want to copy that model, the socialist and communist they need to be executed for violation of human rights the insecurity killed in all these countries killed more people than the entire dictatorships in Latin America combine in the last 10 years!
21 Ayayay (#) May 13th, 2013 - 10:12 pm Report abuse
@18 Capn wins for best lol. @19 makes a good point. I would say these indigenous ppl have a long history of food security challenges and money alone doesnt change that.
22 Captain Poppy (#) May 14th, 2013 - 01:25 am Report abuse
The people on Venezuela should be outraged. With the natural resources they have, they should be much wealthier. The amount of reserves that was in Alaska was nothing compared to what Venezuela has. Alyeska brought so much money to Alaska that taxes were gone, in fact the state paid money to each resident. My sister and family lived there for 10 years and each year were paid a refund from the states coffers. Venezuelan people need to demand a better management team than the Driver and his bird.
23 TroLLey_to_Truth (#) May 14th, 2013 - 01:25 pm Report abuse
Capitalism is dead in Argentina. Never again.
24 Captain Poppy (#) May 14th, 2013 - 02:29 pm Report abuse
you are correct about that toby, capitalism was flushed down the toilet along with democracy.
the newly formed serf nation, The Democratic Republic of the Agrarian People of Argentina bow to their new masters.........in Bejiing
25 ChrisR (#) May 14th, 2013 - 04:10 pm Report abuse
And the Two Yuan Whore thinks she is doing a good job, FFS.
26 Captain Poppy (#) May 14th, 2013 - 04:42 pm Report abuse
I can;t image a China man would slide into her.....that's a job for BK.
27 TroLLey_to_Truth (#) May 14th, 2013 - 06:18 pm Report abuse
Better China's bitch than the USA or Europe. Fact.

Capitalism was flushed down the toilet in Argentina by capitalist. Instead of compromising a bit in the 1990s on the currency board, on mass lay-offs, on outrageous utility inflation, etc, they were intransigent. Well, that's what you get for refusing to negotiate, the other side (Argentina's political class), became just as intransigent... AGAINST them. Too late now.
28 ChrisR (#) May 14th, 2013 - 07:08 pm Report abuse
Never mind, the Bus Driver will now be able to go on the television that his mate has just bought and tell all the stupid twats who voted for him how full the shelves are in the suprmarkets and given the track record for stupidity in that country I have no doubt they will believe him.
29 Captain Poppy (#) May 14th, 2013 - 07:13 pm
Comment removed by the editor.

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