Coke Philippines cuts output amid tight sugar supply
“No sugar, no Coke”
As Coca-Cola FEMSA Philippines, Inc. struggled to buy cheap sugar, it also reduced its production of Coke, leaving its customers asking: “are we running out of coke?”
This, as some of the country’s fast-food restaurants like Jollibee and Mcdonald’s have stopped serving coke for several weeks now.
Well, it all boils down to the issue of a tight supply in sugar, which has been pushing the price of the sweetener in the past weeks.
“The tightness in local sugar supply has forced beverage maker Coca-Cola Philippines to reduce the production of its Coca-Cola Original Taste to stretch its remaining sugar stockpile,” a report in Business Mirror showed.
In May, the government was forced to clarify that there is no shortage in sugar amid Coke’s complaints of tightness in sugar supply, saying that the Sugar Regulatory Administration (SRA) is already taking care of the situation.
The government said that it is mere “speculations” that are driving the prices of sugar in the country.
Nevertheless, the company said that Coca-Cola Original Taste will be made available as soon as possible.