Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Venezuela

Chávez Moves to Take Control Of Rice Processing

March 2009 | Industry News

Venezuelan President Hugo Chávez has ordered military troops to seize control of rice processing mills in his latest attack on the country's private food sector. Chávez accuses producers of hoarding supplies and avoiding government imposed price caps and has warned that companies that do not comply with output demands could be permanently appropriated. With Chávez newly emboldened after winning a decisive referendum that allows him to stay in power beyond the previous two-term limit, these threats carry significant

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