Loop News – CFF writes off $20m in inventory for sugar reduction product

With what it described as a “handful” of local manufacturers producing low sugar drinks, Caribbean Flavours and Fragrances (CFF) said it wrote off approximately $20 million in the inventory of its sugar reduction solution.

CFF chairman Howard Mitchell noted that though the Government of Jamaica projected a fast-track implementation and strict enforcement of a low sugar policy, enforcement in the schools and general marketplace lags behind.

Having invested heavily in the product in 2018, Caribbean Flavours had to write off its FlavorFit inventory due to the expiry of the base raw materials. The company had promoted and brought the product to market in response to public policy goal for sugar reduction in beverages sold to the general public and schools.

 

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