Bloomberg News

Venezuela Raises Prices on Corn Flour, Rice, Coffee, Loyo Says

November 27, 2012

Venezuela raised price caps on pre- cooked corn flour, white rice and ground coffee by as much as 46 percent, Agriculture Minister Juan Carlos Loyo said today.

The cost of a kilogram of pre-cooked corn flour rose 46 percent to 5.93 bolivars ($1.38) from 4.06 bolivars and a kilogram of white rice rose 28 percent to 7.2 bolivars from 5.62 bolivars, Loyo said on state television. A kilogram bag of ground coffee rose 24.2 percent to 46.66 bolivars from 37.56 bolivars.

To contact the reporter on this story: Jose Orozco in Caracas at jorozco8@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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