Venezuelan company Polar says food production down 30%


One of Venezuela's largest corporations announced Monday that its production of food has fallen 30 percent so far in 2016 because of a shortage of corn, wheat and rice.

Manuel Felipe Larrazába, Empresas Polar's director of food operations, said a shortage of raw materials such as white corn, rice plants and durum wheat are the cause of the fall in production. He said the government's allocations of the raw materials are "well below" the required amount to produce corn flour, rice and pasta.

Polar has the processing ability to satisfy 10 percent of Venezuela's rice needs, Felipe Larrazába said, but the country has so far only received 3.9 percent of the materials needed to make the rice by Venezuelan President Nicolas Maduro's government, which imports the materials.

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