Production of Coke halted in Venezuela for lack of sugar

Thomson ReutersDow Jones Industrial Average listed company Coca-Cola (KO)’s logo is seen in Los Angeles

(Reuters) – The Venezuelan bottler of Coca-Cola has halted production of sugar-sweetened beverage due to a lack of sugar, a Coca-Cola Co 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. The local bottler, Coca-Cola Femsa SAB , said it would issue a statement later on Monday.

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

(Reporting by Peter Henderson in San Francisco; Editing by Sandra Maler)

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