Fined for stored milkThis article was originally published in Foodnews
VENEZUELA has fined Nestlé USD88 000 under a new consumer protection law for holding back some 25 tonnes of powdered milk for infants. The new law (not universally popular with business) regulates the prices of all goods and services and seeks to contain the high domestic inflation rate running at nearly 23%. Officials said Nestlé had retained the milk in its warehouses in eastern Venezuela but not brought it onto the market because (the company said) of a lack of trucks. The consumer protection agency Indepabis has said that the milk must be brought to the point of sale and the warehouse will be audited so that future shipments of the product can be distributed.