Argentina to Probe Danone, P&G, Others Amid Price Clampdown
- Government says companies withheld production or deliveries
- Investigation could result in more controls over food industry
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Argentina’s government is investigating several food companies for allegedly withholding production or deliveries, possibly increasing oversight of an industry that already faces widespread price controls.
The Production Ministry plans to investigate Danone SA, Unilever PLC and Procter & Gamble Co, among other firms, for not “increasing production to its highest level of installed capacity” and ensuring proper delivery, according to a statement published Wednesday. The ministry says its goal is to protect consumers.