Cuba may import sugar due to worst crop since 1900

게시됨 2024년 5월 10일

Tridge 요약

Cuba is experiencing a significant drop in its sugar harvest, producing only 71% of the planned 412,000 metric tons, leading to a sharp decline in the production of sugarcane-based alcohol, a crucial ingredient for rum, soft drinks, and medicine. This shortfall, coupled with new US sanctions and the COVID-19 pandemic, has exacerbated Cuba's ongoing economic crisis, resulting in a scarcity of fertilizers, fuel, and spare parts for mills. The reduced sugar production has also forced the government to import more rum, increasing pressure on domestic production. Additionally, the price of domestic alcohol, a key component in rum production, has surged by 46 percent.

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원본 콘텐츠

Rum production suffers Cuba's sugar harvest is down to its lowest volume since 1900, forcing the government to import and putting increasing pressure on domestic production of rum, soft drinks and medicine, according to official reports, two economists and an industry source for rum, BTA reported. President Miguel Díaz-Canel said in late April that the state industry had produced 71 percent of the planned 412,000 metric tons, or just under 300,000 metric tons, and would continue production in May. Cuba produced 350,000 metric tons last harvest, and while some sugar mills remain open, yields plummeted in May with the onset of hot, humid weather accompanied by summer rains. "This means we will have to import. Less sugar means there is less syrup and alcohol for various industries and, of course, rum," commented Cuban economist Omar Everlini. The communist-ruled Caribbean island nation was once the world's largest sugar exporter, producing 8 million metric tons of raw sugar in 1989 ...

출처: Trud