Archive for May 11th, 2016

Puerto Cabello Non-Baltic Index (PCNI) V: For Once Good News!

May 11, 2016

ptocabellomay11

For once, it feels good to report some reasonably good news, as the Puerto Cabello Non-Baltic Index has been showing some strength for the first time since early March. In fact, there had been no reading of nine ships in port since March 4th., two months ago. The increase has been sustained and I have seen daily changes, but I try to obtain a value at the same time each day (right after sunset). I did miss some days, as I have been traveling.

Despite that we are still below last year’s levels, which simply proves that the country’ foreign Minister lied outright at the United Nations when she claimed Venezuela was importing food for three countries. How these “revolutionaries” can say these things with a straight face is beyond me.

Hopefully, these new arrivals imply some improvement in the availability of food in the upcoming weeks for Venezuelans.

 

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