Food crisis in Cuba aggravated by high world prices

Published 2021년 5월 26일

Tridge summary

Cuba is facing a severe food crisis due to US sanctions, the pandemic, and increased international shipping costs. The country relies on imported food and is experiencing steep price increases and shortages of essential goods. The availability of wheat flour is expected to decrease by 30% by the end of July, and the sugar harvest is 30% short of the planned target, due to higher international prices. The Cuban economy shrank by 11% last year and is expected to decline further in the first quarter of 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cuba traditionally imports by sea about 70% of the food it consumes, but tough US sanctions and the pandemic have cut off tourism, drastically reducing foreign exchange earnings. For more than a year, Cubans have endured steep price increases as they search for everything from milk, butter, chicken and beans to rice, pasta and cooking oil. They scavenged the meager produce from the market and collected dwindling World War II-style rations. This month, the Cuban state announced that wheat flour availability would be cut by 30% through the end of July. Cuba does not grow wheat due to its subtropical climate. The price of this commodity was $280/ton in April, compared with $220/ton a year earlier. The government also said the sugar harvest was more than 30 per cent short of the planned 1.2 million tonnes, reaching less than one million tonnes for the first time in more than a century. Cuba will find it difficult to make up for the shortfall in domestically produced sugar due to ...
Source: Vinanet

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