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

Companies / United States

Government Seizes Second Cargill Plant

May 2009 | Industry News

The Venezuelan Government of Hugo Chavez has seized control of a pasta factory owned by US food giant Cargill following a dispute over prices. Deputy Food Minister Rafael Coronado says the company was not producing enough of a type of pasta sold at cheap, government controlled prices and suggested that there had been a 'clear transgression of the law'. Coronado has said that the seizure will be for 90 days, but that after this period the government could decide to take further action against the firm. In May 2009, Cargill was forced to hand over a rice processing plant under

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