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In the break of sugar being a shortage since dropping into a grinding economic crisis, Coca-Cola with be halting productions of its namesake drink in Venezuela. The news was sent via an email from the Atlanta-based company on Friday. It stated that the production of sugar-sweetened beverages will be suspended in the coming days prior to hearing from local suppliers that the raw material is on a shortage. Operations for sugar-free beverages will however continue and the company’s offices and distribution centers will remain open.
With widespread food shortages and inflation forecast to surpass a whopping 700%, the decision was made as Venezuela’s economy is teetering on the edge of collapse. Last month, Empresas Polar, Venezuela’s largest food and beverage company, stopped production of beer because of a lack of imported barley.