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Sugar shortage: No Coca-Cola in Venezuela

Sugar shortage: No Coca-Cola in Venezuela
Jeff Chiu
<p>FILE - This June 30, 2014, file photo shows cans of Coca-Cola in the refrigerator of Chile Lindo in San Francisco. On Thursday, March 24, 2016, Coke said it spent more on health research and partnerships than it previously disclosed as part of its push to be more transparent. The world's biggest beverage company first disclosed its spending on various health-related efforts in the U.S. after coming under fire for its funding of the Global Energy Balance Network, a group that said its mission was to fight obesity. That group has since disbanded. (AP Photo/Jeff Chiu, File)</p>
Sugar shortage: No Coca-Cola in Venezuela
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Amid a serious food and energy shortage in Venezuela, Coca-Cola is reportedly no longer in production inside the country.
 
“Sugar suppliers in Venezuela have informed us that they will temporarily cease operations due to a lack of raw materials,” Coca-Cola spokeswoman Kerry Tressler told Reuters.
The Coca-Cola Company (KO) | FindTheCompany
 
The news comes in the midst of slumping sugarcane production due to price controls and rising production costs, as well as problems in obtaining fertilizer – issues that have pushed many smaller farmers to switch to other, non-price-controlled crops.
 
Thus, production of Coca-Cola and some other sugar-sweetened drinks has halted completely.
 
According to BBC News, the company will continue producing sugarless drinks such as Diet Coke.
 
 
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