Skip to main content

A sugar shortage has forced Coca-Cola to stop producing soft drinks in Venezuela amid an escalating food and energy shortage.

Coke said that suppliers in Venezuela will "temporarily cease operations due to a lack of raw materials".

The announcement comes after the country's biggest brewer, Empresas Polar, closed plants due to a barley shortage.

Venezuela's economy has contracted sharply as oil prices plunge.

A Coca-Cola spokesperson said the company would continue producing sugarless drinks such as Coca-Cola Light (Diet Coke).

 "We are engaging with suppliers, government authorities and our associates to take the necessary actions for a prompt solution," she said.

Sugarcane production has been falling as the cost of production has risen and it has become more difficult to obtain foreign currency.

http://www.bbc.co.uk/news/business-36365336

Replies sorted oldest to newest

Bibi Haniffa posted:

Sorry, Guyana has no sugar to sell to nobody.  The industry is dead.  Go and ask the sugar workers from Wales and LBI they will tell you the story.

http://www.guyana-times.com/?p=1264

In 2011, GuySuCo under the People’s Progressive Party/Civic (PPP/C) administration, had closed the LBI Sugar Factory however the Corporation had assured that the other operations of the Estate would remain functioning.

GAWU President Komal Chand in an invited comment to Guyana Times expressed that the Sugar Corporation has “once again changed its commitment and position”.

Both unions have since expressed utter surprise at this decision by GuySuCo.

“When the LBI factory was closed and its workers were transferred to Enmore Factory, both unions were assured by a member of the current Interim Management that there will be no closure of any other department after the closure of the factory. Thus, it was never expected that the Corporation under the same management could decide to dismantle the costly buildings at LBI Estate and end the operations which it approved about five years ago,” the unions asserted.


 

Busted

Django
Bibi Haniffa posted:

Sorry, Guyana has no sugar to sell to nobody.  The industry is dead.  Go and ask the sugar workers from Wales and LBI they will tell you the story.

Oh yes,  in April 2015 Guysuco was thriving.  A mere 3 weeks later they collapsed, as soon as they heard "blackman win".

Because as soon as the coalition gov't stepped into the gov't offices, Guysuco showed up, wailing that they had no cash, and couldn't meet payroll in TWO weeks!

FM

Add Reply

×
×
×
×
×
Link copied to your clipboard.
×
×