Venezuela is running out of sugar

[Bacchus4.0]

Amid a political and humanitarian crisis, Venezuela's state-run sugar producers announced earlier this week that they have temporarily ceased production due to a lack of raw sugar.

On Thursday, Coca-Cola FEMSA, the largest bottler worldwide of Coke, threw up a red flag. To make Coke in Venezuela, FEMSA needs refined, industrial sugar made by the Venezuelan Agricultural Corporation of Sugar, a government entity.

Coca-Cola FEMSA, which is partly owned by Coca-Cola (KO), said it would continue production of Coke in the country until it exhausts its own sugar stockpile. It says it's seeking other sources of sugar.

"While this situation will impact the production of sugar-sweetened beverages in the coming days," a Coca-Cola spokeswoman told CNNMoney, "the production lines for zero-sugar beverages such as bottled water and Coca-Cola Light ... continue operating normally."


http://money.cnn.com/2016/05/20/investing/venezuela-coca-cola-femsa-crisis/

[MADem]

1. Cuba is awash in sugar--no sugar for oil deals, anymore?

The country is running low on basic goods -- not only sugar but also flour, eggs and milk. Medical supplies are in short supply, which has already cost some Venezuelans their lives.
President Nicolas Maduro is refusing to allow a referendum vote on whether he should remain in office -- sparking violent protests in Caracas, the capital. Last week he called for a state of emergency and blamed an opposition-led Congress and foreign critics for the country's problems.

Failed state.

Maduro has had what, two periods where he had "extraordinary powers" to fix this mess? And he has the NERVE to blame the legislature?

[Bacchus4.0]

2. yeah, but even Cuba asks for cash their sugar

Notice the sugar refiners are state run. They are shutting down because they can't afford to buy imported sugar and domestic production obviously does not meet the need.

Remember, we've been hearing "make the economy scream" for a couple of years now. I wonder how they will apply this to the government not being able to buy sugar for the state run industry.

[COLGATE4]

3. Don't worry. It will ALWAYS be the fault of the 'running dog capitalists who exist

only to strangle the glorious Bolivarian Revolution'. ALWAYS.

[Bacchus4.0]

4. Time to take the revolution to its end I guess nt

[Zorro]

5. Damn sugar hoarders