Coca-Cola, the US-based multinational corporation renowned for its sweetened beverages, has halted all production in Venezuela due to a severe shortage in sugar in the country - the latest sign of what some are calling the worst food, power and economic crises plaguing the country in recent history.
The company explained in a statement that 90 percent of its beverage production require sugar. But it noted that it would not close its headquarters or leave the country.
"Ninety percent of the production requires sugar. We are not going to shut our central office right now. We are not leaving Venezuela," it said.
The South American nation is facing one of its deepest financial crises ever after the collapse of global oil prices, which its economy has been based on for years.
David Milde, a senior fellow at WOLA, a human rights organisation in the Americas, said Coca-Cola's shutdown came as Empresas Polar, which is the largest and most renowned brewery in Venezuela, had to close down a number of plants due to a shortage in barley needed to produce beer.
Many other staple foods can not be found in markets across the country. There is also an acute shortage in medicines.
"If you go to the supermarket, there is no milk, rice or pasta," Milde said.
But he said that oddly enough you can find products that an average person could not afford.
"There is food. You can buy yogurt, cookies, and frozen chicken fingers - but these are all out of range for the basic person's budget. A lot of normal diet is missing."
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To make matters worse, the prices of foods have skyrocketed by at least five times the normal figure, as more ordinary people use extra time on their hands to wait in the long queues at markets to purchase rare foods and resell them at a major profit.
Marianella Herrera, a researcher and expert on Venezuela's food and nutritional standards, told Al Jazeera that the majority of people also can not afford to take time off of work to wait for hours in queues at grocery stores.
She also said Venezuela was facing one trait associated with a famine.
"There is only one element that is in aligment with famine: the low production of national goods for agrifood market. This is a critical aspect to ensure that food security will be achieved without any other resources."
"Venezuela has relied over the last five years on imported goods and with the low oil prices, there has been low availability of foreign currency that allows to continue this pattern of buying foreign foods."
Some analysts say the country is on the brink of a serious economic collapse and that may push it into a state of political turmoil.
On Friday, the country's supreme court upheld President Nicolas Maduro's state of emergency decree that was issued last week and gives him extra powers to deal with the economic crisis.
The decree provides him the right to impose tougher security measures, which some fear could lead to rights abuses in the face of increasing protests.
Milde said that Venezuela has had a long history of protests, but in the last 10 days the country has seen a new trend of demonstrations particularly over food shortages.
Alejandro Velasco, an expert on Venezuelan history at New York University, told Al Jazeera that the government has previously used the state of emergency decree to boost military presence in order to quell dissent and demonstrations.
"We are seeing far more military presence in the streets accordingly. the government is certainly trying to get ahead of any disorder that may - as we talked about given the tension in the streets - quickly spiral out of control."
"But the main reason for why the recent protests are not as large as you expect them to be is because most people do not have time because they are spending so much time looking for food or water."
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Herrera said that many NGOs are issuing petitions to government policymakers to take the appropriate action to alleviate the food crisis.
But Velasco and Milde offered little hope of any positive change since the government and the opposition, which controls Venezuela's parliament, have failed to provide any real solutions to the economic crisis, and have instead focused their efforts on pushing and hoping for a rise in oil prices.
"They are trying to pursuade OPEC to take steps that would boost oil prices and for Saudi Arabia to cut production," Velasco said.
"But we need to find a way to not be dependent on oil. But no one from the government or opposition has mentioned anything remotely from moving away from dependency on oil.
"Oil is not the answer, It is the reason for Venezuela's crisis."
Velasco also said that cutting back on public services and resources and defunding social programmes is not helping the country, but causing more people to suffer.
"The last time it happened we saw the collapse of previous regime. If history proves true, we are going to see the collapse of this government."
