Venezuela Increases Control of Food Production [View All]

Source: Venezuelanalysis.com

Increases Control of Food Production to Guarantee Access

To guarantee access to essential foods amidst price inflation and supply shortages in some items, the Venezuelan government recently nationalized a major flour producer, granted low-interest credits to small and medium-sized producers, opened new subsidized food markets, sanctioned price speculators and hoarders, and is in the process of reforming the Land Law.

After months of investigations of the flour and tortilla producer Monaca for allegedly decreasing production during a time of national shortage, government officials announced that the state will take over all of the company’s operations and facilities.

The state will acquire “a broad structure for the processing, marketing, and distribution” of cereals and related products such as wheat and corn flour, pasta, rice, and oatmeal. This will be controlled by the state-owned Venezuelan Agricultural Corporation (CVA) with participation of worker unions, cooperatives, and community councils, according to the nationalization order.

Read more: http://venezuelanalysis.com/news/5375