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Coca-Cola forced to halt production in Venezuela over sugar shortage. Another company stopped making beer since they could not obtain barley
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[quote:Anonymous Coward 51825542:MV8zMTgxMzA0XzU2ODMyMjE4Xzg0NUY4MENB] I'm in the bev industry and we were selling container loads to Venezuela. They had lots of rules/regs for entry before all of this mess. Then, their .gov told them they couldn't take our product in the current form....so we produced it in a different form in a different packaging just so they could import it. This was all over a year ago. I think we stopped importing all together about 3 months ago due to volatility of ForEx and the companies not paying their bills..... [/quote]
Original Message
Coca-Cola is halting production of its namesake soft drink in Venezuela for the foreseeable future due to a shortage of sugar.
The US company says it is being forced to take the action because it has run out of the raw material.
Venezuela's economy is teetering on the edge of collapse with widespread food shortages and inflation forecast to surpass 700%.
Last month, Venezuela's largest food and drinks company, Empresas Polar, stopped production of beer because it was unable to obtain enough imported barley.
[
link to www.foxnews.com
]
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