Divining the News (DTN)

Not Mainstream News

Chavez sends army to rice plants

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bbc

A sign of things to come?

Venezuelan President Hugo Chavez. Photo: 28/02/09

Venezuelan President Hugo Chavez. Photo: 28/02/09

Venezuelan President Hugo Chavez has ordered the army to take control of all rice processing plants in the country.

Mr Chavez accused some firms of overcharging by refusing to produce rice at prices set by the government.
He warned that some companies could be nationalised if they tried to interfere with supplies of the grain.

Mr Chavez – who has nationalised large swathes of Venezuela’s economy – did not say how long the government intervention would last.
Major rice processors in the country include the US-owned giant Cargill and Venezuela’s main food company, Polar.

Last year, Venezuela seized control of plants and offices belonging to Mexican cement giant Cemex.
In 2007, the government said it had taken control of the massive Orinoco Belt oil projects as part of President Chavez’s nationalisation drive.
Price squeeze

–more–

Written by morris

March 1, 2009 at 3:12 am

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