Chavez seizes US food company

Venezuela leader also threatens to nationalise largest private firm over food prices.

    Chavez has repeatedly demanded food companies in Venezuela produced cheaper food [AFP]


    "Prepare the decree, we are going to expropriate Cargill," he said. "We are not going to tolerate this."

    In recent days, he also seized some rice mills belonging to Polar, after accusing the food industry of skirting price controls and failing to produce enough cheap rice.

    Polar, which is the country's largest private sector employer and produces and distributes everything from beer to flour, has vowed to take legal action over the rice mill takeovers.

    Cargill operates one rice mill in Venezuela, and said earlier in the week that it was expecting a visit from officials.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.