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Thursday, February 2, 2017

Venezuela: Orange producers are forced into bankruptcy


Orange producers have denounced continuing salary increases, inflation, and the import of orange concentrates, which have led them to bankruptcy. Producers from Carabobo and Yaracuy, who are part of the National Federation of Fruit Growers (Fedenafrut), said that the increases in wages and salaries and the lack of controls on inflation, plus the import of orange concentrates promoted by the national government, are inexorably leading them to bankruptcy, they reiterated in a press release. More…

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