Cuba will have to import sugar

Published 2024년 5월 28일

Tridge summary

Cuba's sugar production has seen a significant decline, with factories producing only 350 thousand tons last season, a far cry from the 1.3 million tons in 2019 and the 8 million tons in 1989 when the country was the world's largest sugar exporter. The industry, which was once a major contributor to Cuba's economy, is on the verge of collapse with 29 factories already shut down and more facing closure due to fuel and supply shortages. The government's shift in focus towards tourism has led to a reduction in public investment in the sugar industry, exacerbating the problem. The situation is further complicated by the need for sugar imports to support the country's soft drink and pharmaceutical industries, and the production of rum.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Production has fallen sharply in Cuba, and this decline may become permanent. “This is a disaster. Today, the sugar industry in Cuba is almost non-existent.” Juan Triana of the Center for Cuban Economic Studies did not mince words when he spoke to the BBC about the state of the crop, which was once the center of the island’s economy. Last season, factories produced 350 thousand tons of sugar, a staggering decline from the 1.3 million tons recorded in 2019. This year may end at an even lower level. According to Reuters, in 1989, when Cuba was the world’s largest sugar exporter, the island nation produced 8 million tons of sugar. Sugar consumption is 700 thousand tons. Sugar is used in the production of soft drinks and the pharmaceutical industry in Cuba, and is especially important for the production of the famous rum. Now Cuba will have to face a once unimaginable reality – sugar imports. 29 Cuban sugar factories have shut down. About twenty factories are currently operating, but ...

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