Chavez seizes U.S. rice plant

Venezuelan President Hugo Chavez has seized a rice mill owned by U.S. food giant Cargill, alleging that the plant was skirting government price controls by producing a variety that is not regulated.

Agriculture officials were told to "begin the expropriation process," The Associated Press says. Chavez ordered the Cargill facility to produce standard white rice that is subject to price regulations.

"I warn you, this revolution means business," said Chavez, according to Reuters.

Over the weekend Chavez ordered troops to seize other rice-producing plants he accused of violating price controls.

Posted at 08:12 PM/ET, March 04

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