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Chavez Seizes US Subsidiary in Rice Dispute

HeadlineMar 05, 2009

In Venezuela, President Hugo Chavez has seized a local subsidiary of the American food giant Cargill in a dispute over the market cost of rice. Chavez says Cargill and other companies are evading price controls and selling rice at inflated costs. Chavez is also threatening to nationalize Venezuela’s largest private company, Polar, in the rice dispute.

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