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Cuban rum makers fret as another dismal sugar harvest looms

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 ....

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Cuban rum makers fret as another dismal sugar harvest looms

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 ....

El Salvador , Ciudad De La Habana , Marc Frank , Christian Barre , Chizu Nomiyama , Valdes Mesa , Havana Club International , While Havana Club , Diageo Plc , Pernod Ricard , Soviet Union , Vice President Salvador Valdes Mesa , Havana Club , Ron Santiago , Ron Vig ,

Cuban rum makers fret as another dismal sugar harvest looms

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 collapse of former benefactor the Soviet Union led to a steady decline. ....

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