AIRLINK 212.82 Increased By ▲ 3.27 (1.56%)
BOP 10.25 Decreased By ▼ -0.21 (-2.01%)
CNERGY 7.00 Decreased By ▼ -0.35 (-4.76%)
FCCL 33.47 Decreased By ▼ -0.92 (-2.68%)
FFL 17.64 Decreased By ▼ -0.41 (-2.27%)
FLYNG 21.82 Decreased By ▼ -1.10 (-4.8%)
HUBC 129.11 Decreased By ▼ -3.38 (-2.55%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.86 Decreased By ▼ -0.17 (-3.38%)
KOSM 6.93 Decreased By ▼ -0.14 (-1.98%)
MLCF 43.63 Decreased By ▼ -1.57 (-3.47%)
OGDC 212.95 Decreased By ▼ -5.43 (-2.49%)
PACE 7.22 Decreased By ▼ -0.36 (-4.75%)
PAEL 41.17 Decreased By ▼ -0.53 (-1.27%)
PIAHCLA 16.83 Decreased By ▼ -0.47 (-2.72%)
PIBTL 8.63 Increased By ▲ 0.08 (0.94%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 183.03 Decreased By ▼ -6.00 (-3.17%)
PRL 39.63 Decreased By ▼ -2.70 (-6.38%)
PTC 24.73 Decreased By ▼ -0.44 (-1.75%)
SEARL 98.01 Decreased By ▼ -5.95 (-5.72%)
SILK 1.01 Decreased By ▼ -0.02 (-1.94%)
SSGC 41.73 Increased By ▲ 2.49 (6.35%)
SYM 18.86 Decreased By ▼ -0.30 (-1.57%)
TELE 9.00 Decreased By ▼ -0.24 (-2.6%)
TPLP 12.40 Decreased By ▼ -0.70 (-5.34%)
TRG 65.68 Decreased By ▼ -3.50 (-5.06%)
WAVESAPP 10.98 Increased By ▲ 0.26 (2.43%)
WTL 1.79 Increased By ▲ 0.08 (4.68%)
YOUW 4.03 Decreased By ▼ -0.11 (-2.66%)
BR100 11,866 Decreased By -213.1 (-1.76%)
BR30 35,697 Decreased By -905.3 (-2.47%)
KSE100 114,148 Decreased By -1904.2 (-1.64%)
KSE30 35,952 Decreased By -625.5 (-1.71%)

A senior Cuban official has urged sugar workers to produce more than 1.7 million metric tons of raw sugar during the coming 2018-2019 harvest, state-run television reported, following the island's disastrous crop the previous season.
"The last harvest was difficult. It failed to produce 300,000 metric tons of sugar that was already sold," state-run media quoted Jose Ramon Machado Ventura, second secretary of ruling Communist Party, as saying on Thursday. He urged the sector to meet this season's goal.
Cuba rarely meets its harvest target, but the need is especially pressing this year after the poor 2017-2018 harvest. For the first time in nearly a decade, the country has been importing some refined sugar from France to be able to provide
the sugar component of the basic food rations allocated to every family. The Caribbean island, once a major sugar exporter, produced 1.8 million metric tons of raw sugar in 2016-2017 and exported 1.1 million metric tons, according to the International Sugar Organization.
But a prolonged drought, Hurricane Irma last September and out-of-season rainfall devastated the next crop. Official figures have not been released, but based on state-run media reports and sector sources, Reuters estimates the 2017-2018 harvest weighed in at just over a million metric tons, similar to harvests of more than a century ago. Cuba consumes between 600,000 and 700,000 metric tons of sugar a year and has an agreement to sell China 400,000 metric tons annually. It sells the rest on the open market.
Machado Ventura was speaking to a sugar workers conference in Havana. He and other leaders called for increased discipline and for workers and farmers to work harder and overcome problems with outdated equipment, decrepit infrastructure and labor shortages. The leaders were quoted by state media as saying the country, hit by the economic crisis in ally Venezuela, increased hostility from the United States and lower export earnings, desperately needed to export more sugar.

Copyright Reuters, 2018

Comments

Comments are closed.