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Latin America
Related: About this forumVenezuela orders producers to divert food to state stores
http://finance.yahoo.com/news/venezuela-orders-producers-divert-food-204908089.htmlCARACAS, Venezuela (AP) -- A food industry group said Monday that Venezuela's government has ordered companies to distribute food staples to a network of state-run supermarkets amid chronic shortages of basic goods.
Federal authorities ordered producers of milk, pasta, oil, rice, sugar and flour to supply between 30 percent and 100 percent of their products to the state stores, he Food Industry Chamber said.
Chamber President Pablo Baraybar warned that the order could cause major supply problems. The chamber says there are 15 times as many private stores in the socialist South American country as state-run ones.
Government officials could not be reached for comment. The administration of President Nicolas Maduro frequently rails against opponents he accuses of waging "economic war" by hoarding products and sabotaging the supply chain.
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Venezuela orders producers to divert food to state stores (Original Post)
Bacchus4.0
Jul 2015
OP
Or even import anything. Yeah, this just takes products out of supermarkets and puts them in state
Bacchus4.0
Jul 2015
#2
Yeah. But it lets them yell that the 'State can supply you while those oligarch-
COLGATE4
Jul 2015
#3
From what I've been reading from several Venezuela sources, they seem to have gotten cold feet
Marksman_91
Jul 2015
#4
We can be confident they will screw things up and make things worse before the elections
Bacchus4.0
Jul 2015
#5
Marksman_91
(2,035 posts)1. Apprently Maduro didn't get the memo
The problem is not the uneven distribution of products, it's the fact that they aren't able to produce anything or else they'd be operating at a loss. Of course, this wouldn't be happening if it wasn't for the atrocious currency control that they have implemented which for some reason only Venezuela has, while the rest of LatAm is doing better without it.
Bacchus4.0
(6,837 posts)2. Or even import anything. Yeah, this just takes products out of supermarkets and puts them in state
stores. It does nothing positive on the supply side.
COLGATE4
(14,732 posts)3. Yeah. But it lets them yell that the 'State can supply you while those oligarch-
owned private stores can't'.
Marksman_91
(2,035 posts)4. From what I've been reading from several Venezuela sources, they seem to have gotten cold feet
Many news outlets are now saying that th government has retracted the decree. Guess they must've realized they were just gonna make the situation worse and can't risk screwing things up more than how they are now for the upcoming elections
Bacchus4.0
(6,837 posts)5. We can be confident they will screw things up and make things worse before the elections
that are supposed to happen in December.