Minister Villegas: 98% of the basic food basket is made in Venezuela

Published at: 10/11/2026 01:28 PM

98% of the basic food products on display at the Wholesale Car Market are made in Venezuela, the People's Power Minister for Industries and National Commerce, Luis Villegas, said during a tour of the facilities in Caracas where he evaluated the food supply.

The official described this figure as a sign of the “productive rebirth” that the nation is going through. During his visit, Villegas spoke with producers and merchants about the supply and the progressive recovery of sales for the holiday season, Radio Miraflores reported.

The minister also highlighted the impact of investments in the oil sector on the rest of the economy. “Right now we see a lot of investments that have come to the country for the oil industry, which in the end this translates into investment for the rest of the economic sectors and to strengthen the rest of the productive engines that energize the economy,” he said.

Villegas indicated that there are four large wholesale markets in the country, located in Lara, Carabobo and two in Caracas, which set food prices at the national level. He explained that the car market contributes approximately 1 billion dollars to the economy, mobilizes 700,000 people per month and has 16 butchers that sell between 2,000 and 2,500 tons of protein per month.

Finally, the owner of the Industries and Commerce portfolio ratified the State's permanent support to the commercial sector, in order to agree on fair prices and consolidate the national productive chain.

Mazo News Team