Cuba reaches only 53% of its sugar production plan

Published 2022년 6월 15일

Tridge summary

Cuba has fallen short of its sugar production goals for the year, achieving only half of the planned harvest, with a production volume of 482,000 tons compared to a target of 911,000 tons. This marks the worst harvest in at least a century and is attributed to a variety of challenges, including the closure of mills, aging infrastructure, and the impact of COVID-19 on resources. These issues have prevented the country from meeting its international commitments, though domestic needs are expected to be met. A plan with 93 measures is being developed to address these issues, and a Sugar and Sugar Cane Derivatives congress is scheduled to promote the introduction of a new brand of rum, among other initiatives.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

HAVANA (AP) — Cuba reached only half of its sugar production plan this year, far from the millions of tons that have made the Caribbean nation famous since colonial times and, although it is expected to achieve meet the needs of its domestic market, it will not be able to meet its international commitments, the authorities acknowledged. "It's not a secret, the sector is in crisis," Dionis Pérez, director of Informatics, Communication and Analysis at Azcuba, the state group that regulates sugar production on the island, told a small group of journalists on Wednesday. “This year the harvest is 53% complete.” Pérez did not want to offer the volume that this percentage implies, but at the end of last year the Minister of Economy, Alejandro Gil, indicated that the plan was to produce 911,000 tons of sugar, for which the production had to end -- the process concluded in May. -- by about 482,000 tons based on what the official now expressed. The figure is half the 800,000 tons of the ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.