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From our Bureau of Moribund Sugar Kings Once upon a time, Cuba was the world's sugar king, exporting vast amounts of the sweet stuff to the whole world. Then the so-called "Revolution" came along. You know the rest of the story. Castro, Inc. has crippled sugar production to such a great extent that there may
Cuba's iconic rum production is under threat as the country's sugar output hits record lows, impacted by a severe economic crisis affecting essential agricultural supplies.
Producers of Cuba's famous rum are feeling the pinch with local sugar output forecast to remain at record lows this season amid a grueling economic crisis which has dramatically reduced supplies... -November 29, 2023 at 07:27 am EST - MarketScreener
Producers of Cuba's famous rum are feeling the pinch with local sugar output forecast to remain at record lows this season amid a grueling economic crisis which has dramatically reduced supplies of fertiliser, fuel and other inputs needed to grow cane. The first of 25 state-owned sugar mills is set to crank up its machinery in the coming days with plans published in seven of 13 sugar-producing provinces pointing to similar output to last season’s 350,000 metric tons of raw sugar, down from 1.3 million in 2019. Cuba produced 8 million metric tons of raw sugar in 1989, before the c...