DW: Sugar shortage forces Coca-Cola to halt production in Venezuela
A shortage of raw materials in Venezuela is hitting one sector after another. The country's economic and political crisis has raised concerns about political violence.
First Venezuela stopped producing beer, now Coca Cola. The world's largest beverage company on Monday said it would halt production of sweetened beverages in Venezuela, as the oil rich country's duel economic and political downward spiral continues unabated.
A spokesperson from the company said sugar suppliers "will temporarily cease operations due to a lack of raw materials." Production of sugar-based beverages has halted but non-sugar drinks like Diet Coke would continue, the company said.
As a result of falling oil prices, external debt and government exchange policies, importing even the most basic of goods has become a challenge for the cash-strapped socialist government.
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More News On The Crisis In Venezuela
Sugar shortage cuts Coca-Cola production in Venezuela -- BBC
Venezuela Sugar Shortage Leads To Coca-Cola (KO) Production Halt -- IBTimes
Sugar Is So Scarce in Venezuela That Coca-Cola Will Stop Production -- Bloomberg
Venezuela's Government Plays Hardball To Block Opposition's Recall Effort -- NPR
Venezuela ruling party vows no recall of Maduro this year -- EFE
Venezuela: Maduro evokes spectre of foreign threat -- BBC
Argentina and Brazil Agree to Mediate in Venezuela Crisis -- AP
U.S. Embassy in Venezuela halts new visas for lack of personnel, high demand -- FOX News
Food shortages take toll on Venezuelans' diet -- The Guardian
Venezuelan middle-class struggles with shrinking money -- AFP
'Things could explode': Why pressure is mounting as Venezuela's economy melts down -- John Otis, CBC News
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