Market Report, "Juice in Venezuela", Published
After more than one year of the implementation of the price control in juice, the Venezuelan government has not approved a price increase, even though the annualised rate of inflation from July 2012 to June 2013, reached 39.6%. In light of this, juice continues to post negative constant value growth. In addition, the local currency suffered a devaluation of 46.5% during Q1 2013, thus impacting components that have a great weight on product cost structures, such as packaging, raw materials,...
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