Latest Insights

BRICs and beyond: Currency controls leave Venezuelan food sector in crisis 12 May 2014

Food manufacturers based in Venezuela have long struggled to supply the country's oil-fuelled economy amidst strict government controls and shortages of many key industry inputs. And recent changes to the country's currency regime could - say analysts and business leaders - intensify existing problems in the industry. Andrew Rosati reports.

Latest News

Cargill sells Venezuela assets 13 Nov 2020

The US agri-food behemoth has decided to offload its business in a Latin American market that has proven problematic for international FMCG companies in recent years.

Kellogg pulls out of Venezuela as economic crisis intensifies ahead of elections 16 May 2018

US-based breakfast cereal manufacturer Kellogg is reportedly pulling out of Venezuela as the country's economic crisis intensifies ahead of this weekend's presidential election.

Gruma wins tribunal over Venezuela expropriation law 2 Aug 2017

Venezuela has been ordered to pay Mexican food group Gruma more than US$430m in damages, a consequence of the 2010 Expropriation Decree introduced by the then South American country's President Hugo Chávez.

General Mills sells Venezuela business and quits market 18 Mar 2016

General Mills, the US food group, is to exit Venezuela after striking a deal to sell its business in the country to private investment firm Lengfeld Inc.

Gruma writes off Venezuela investments  17 Dec 2015

Mexican baker Gruma has announced that it is writing off investments in Monlinos Nacionales and Derivados de Maíz Seleccionado in Venezuela. 

Kraft Heinz 'facing sabotage investigation in Venezuela' 2 Dec 2015

US food maker Kraft Heinz is reportedly facing an investigation in Venezuela over allegations the company is hoarding basic food items. 

Venezuela seizes Polar distribution centre serving Nestle, PepsiCo 4 Aug 2015

A distribution centre serving a number of international food and beverage companies – including Nestle, PepsiCo, Coca Cola and Cargil - and owned by local food giant Empresas Polar has been seized by the Venezuelan authorities.

Nestle Venezuela plant strike ends, salary talks restart 31 Oct 2014

A Nestle cereals and cooking ingredients plant in Venezuela has started operations again after a strike stopped production for two days, with workers resuming talks on pay.

VENEZUELA: Cargill's Truvia enters Venezuela market 19 Jul 2012

US agribusiness giant Cargill has launched its stevia sweetener Truvia in Venezuela.

VENEZUELA: Casino sells Cativen unit to Venezuelan government 26 Nov 2010

French retail group Casino has signed an agreement to sell a majority share of its Venezuelan unit Cativen to the country's government for US$690m.

Latest blogs

Heinz flags turbulence in Venezuelan currency 12 May 2014

This morning (12 May) we ran an in-depth look at the impact policy decisions in Venezuela are having on the food industry in the country.