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Rice

Venezuela Expropriates Cargill Rice Plant that Evaded Price Controls

President Chavez announced the decision to expropriate in the Miraflores presidential building Wednesday (VTV)
The Venezuelan government expropriated a plant owned by the multi-national food company Cargill that was found to be modifying all its rice so as to evade price controls on basic food items.

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Venezuelan Government Takes Control of Rice Plants that Evade Regulated Prices

Carlos Osorio, Superintendent of Silos, inspecting the Polar rice processing plant. (ABN)

As of last Saturday, the Venezuelan government has temporarily taken over the administration of a rice processing plant in Guárico state that is owned by Venezuela’s largest food producer, Polar.

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