INTERNATIONAL: Coca Cola halts production in Venezuela due to lack of sugar

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INTERNATIONAL: Coca Cola halts production in Venezuela due to lack of sugar

cocal cola_0CNC3 – The Venezuelan bottler of Coca-Cola has halted production of the sugar-sweetened beverage due to a lack of sugar, a Coca-Cola Co (KO.N) spokeswoman said on Monday.

Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world’s highest inflation.

Production of sugar-sweetened drinks has stopped, but output of diet drinks such as Coca-Cola light and other zero-sugar beverages continued, spokeswoman Kerry Tressler wrote by email.

“Sugar suppliers in Venezuela have informed us that they will temporarily cease operations due to a lack of raw materials,” Tressler added.

Coca-Cola Femsa SAB (KOFL.MX), Latin America’s biggest coke bottler and operator of four plants in Venezuela, added that it was hoping the nation’s sugar inventories would recover “in the short term.”

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  1. You call that a country which can commit to anything? The future is not in the hands of the lunatics posing as leaders but in the hands of the people who have the ultimate power. Ask the common Venezuelan if he is in favor of his country giving millions of dollars of aid to countries who have all types of sugars on their table and have electricity wasting.

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