Bolivian President Threatens to Nationalize Sugar Growers

[Judi Lynn]

Caracas,Tuesday March 30,2010
Bolivian President Threatens to Nationalize Sugar Growers

LA PAZ – President Evo Morales warned that he will nationalize sugar refineries whose owners try “to sabotage the Bolivian people” by selling their product at elevated prices in Bolivia’s domestic market.

“If some owners of sugar refineries continue selling their sugar more cheaply abroad and more dearly (domestically), I will see myself forced to nationalize ... those factories, without any fear,” Morales said.

The president reiterated the need to have state-run sugar factories “so that the private ones are not sabotaging or blackmailing the Bolivian people by selling their sugar more cheaply abroad and more dearly in Bolivia.”

Four sugar refineries operate in the eastern region of Santa Cruz and one in the southern province of Tarija, and the government has plans to establish one in the south and another in the north of La Paz province.

More:
http://www.laht.com/article.asp?ArticleId=354489&CategoryId=14919

[protocol rv]

1. Bye bye Bolivian sugar industry

I guess he's going to kill the Bolivian sugar industry the same way Castro killed the industry in Cuba.