AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

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.