Argentina Government Opens Investigation Into Food Companies

The Argentinian government has opened an investigation into food companies for allegedly holding back food production amid a government clampdown on rising prices and shortages.

The Argentine Production Ministry Matías Kulfas said in a statement that Danone SA, Unilever PLC, and Procter & Gamble Co, among others, will be investigated for “holding back production volumes” and not “increasing production to its highest level of installed capacity.”

The ministry added, its goal was to protect consumers.

Argentina has suffered shortages of cooking oil, diapers, and cheese products in supermarkets, and said that these firms must resolve the situation and restock the products.

The Head of Food Industry group, COPAL, Daniel Funes de Rioja denied the accusations and told the media that production continued despite price freezes and high costs.

However, Kulfas insisted that the government had detected shortages of products in the supermarket.

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