CARACAS, Venezuela—Venezuelan officials seized a Cargill Inc. pasta plant on May 15 and will remain in the factory for 90 days to enforce quotas on price-controlled items, reported Bloomberg.
According to Deputy Food Minister Rafael Coronado, Cargill was devoting 59 percent of its production at the plant to products not under price controls, while government regulations require that 70 percent of output be dedicated to regulated products.
On March 4, Venezuelan President Hugo Chávez ordered the seizure of a Cargill rice processing because it allegedly was not distributing rice at government-imposed prices.