Sunday, August 3, 2025

Latest

Venezuela Experiencing Protests and Looting Amid Food and Fuel Shortages

Although North America is experiencing an oversupply of fossil fuels and bottle-necked food chains amid the coronavirus pandemic, the same cannot be said about Venezuela. Since the beginning of April, there have been at least 500 protests across Venezuela regarding the recent food and fuel shortages stemming from the coronavirus pandemic.

Venezuela, which has recently been hit hard with virus cases, has been under a 6-week mandatory lockdown in order to curb further infection rates. However, due to an already-high poverty rate among the country’s citizens, many are resorting to protests and looting as a means of survival.

The Venezuelan economy has been grappling with a gasoline shortage, which in turn is negatively affecting the country’s food supply chain. There has been a significant disruption in the production of food, as many farmers are faced with a shortage of fuel needed to successfully complete harvests of grains and fruit. Then, what little amount of produce is available for market, is further backlogged due to widespread lack of transportation.

As a result, many Venezuelans have gone hungry, and have instead chosen to defy lockdown orders by looting food markets. In an incident in the town of Cumanacoa, several citizens broke into a chicken farm and at least 5 food retailers, as a means of acquiring scarce food for their families. As a result, 32 persons were arrested, and 2 were shot. Meanwhile, a protest at a municipal market in the southern Bolivar state resulted in 33 arrests and several injuries.

If in developed countries such as the US it does not appear that economies will be returning to normal anytime soon, then Venezuela will more than likely have an even tougher road to recovery ahead.

Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

More Venezuelan Migrants At US Border Open Talks On US$3-Billion UN Aid

Migrant arrivals at the US-Mexico border have prompted conversations about unfreezing Venezuelan assets stored in...

Wednesday, October 26, 2022, 12:19:00 PM

US Surpasses Grim 100,000 Coronavirus Death Toll, Lifting of Restrictions Will Still Continue

Despite lockdown measures being lifted around the country and non-essential businesses beginning to open their...

Thursday, May 28, 2020, 07:27:00 PM

Canadian Companies Face Uncertainty: 14% of Small Businesses at Risk of Bankruptcy Due to COVID-19

As many provinces across Canada are well underway in their recovery plans, it appears that...

Wednesday, August 5, 2020, 03:02:28 PM

Hong Kong Sees Largest GDP Decline on Record

As the first data results pour in from around the world, it becoming increasingly evident...

Tuesday, May 5, 2020, 04:29:00 PM

US Looking At $2 Trillion Stimulus Package

This morning, word’s out on the size of the stimulus package a group of bipartisan...

Saturday, March 21, 2020, 02:30:38 PM