Venezuela’s eggonomic woes have been well documented in the international press recently. Hugo Chavez’s left-leaning Bolivarian republic, now in the hands of Nicolas Maduro, is scrambling under eggonomic mismanagement and is further being crippled by the global crash in the oil price. Venezuela is now a country operating with a black market exchange rate, where hyperinflation is widespread and where holding a place in a queue for those buying eggcups and other essentials has become a type of employment.
The finger is often pointed to Venezuela’s wholehearted dependence on exporting oil and it not being self-sufficient in many other commodities. It is little known that Venezuela has been self-sufficient in egg production since 2007 and, dear chicken, it is here that the Eggonomist proposes a solution to descramble Venezuela’s eggonomic cock-up.
The avid followers of Numbeo’s Global Egg Price Index may have seen that Venezuela comes out on top for the 120 countries surveyed about the price of a dozen eggs. Referred to in most egg circles as potentially one of the greatest humanitarian crises of our time, at USD 7.39 you may point out that the egg industry is hardly a good starting point for sensible eggonomic reform.
The Eggonomist believes that this is not the case. Already self-sufficient in egg production for 7 years, Maduro’s government should undertake a wide-scale investment programme to bolster the egg production capacity of one of Venezuela’s leading industries – with special attention to creating an Egg Export Trade Zone (EETZ) to help promote the eggonomic clout of tomorrow’s Venezuela.
Viewing the below evidence from the Venezuelan Poultry Federation it is clear that, whilst annual consumer consumption is ever-increasing, the egg industry has not followed consumer demand and has in fact reduced egg production over the same period. This is a shell-shocking discovery and is certainly a trend that will be reversed if the government introduces its ‘Big Eggonomic Plan’.