According to the Venezuelan government, private owners have been wilfully withholding life-giving coffee from the people as part of a concerted effort to corner the market and overcome price ceilings set by the government. Thus it is with great regret etc., that the government must now step in and take control of the major players in the market. There are a couple of obvious flaws in this narrative, not least of all the coffee producers who point to declining crop production (not processing). Nonetheless, the government now controls both Fama de America and Cafe Madrid, and is even considering a (possibly mandatory) national coffee brand. Read more: Business Week, Venezuela Analysis
While we have your attention...
An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.
Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.
Click here to become a Maverick Insider and get a closer look at the Truth.
Canola oil is named such as to remove the "rape" from its origin as rapeseed oil.