Sunday, October 2, 2022

US food exports to Cuba increased during July

Exports of food and agricultural products from the United States to Cuba exceeded $23 million last July, higher than the record for the previous two years in the same month.

Food exports from the US reached $23,468,476 in July compared to $19,832,195 in July 2021 and $12,809,286 in 2020, according to data from the report published by the US-Cuba Economic and Trade Council (USTEC).

However, from January 2022 to July 2022, exports from the US to Cuba were $167,653,569, which means a 6.2% decrease compared to the same period last year, when they reached $178,774,363.

Exports from the US in July 2022 include products such as wood pulp, olive oil, chicken leg quarters (frozen), chicken meat (frozen), chicken legs (frozen), coffee, butter, popcorn corn, cocoa; Corn chips, vegetable juices and non-alcoholic beverages, as well as deodorants, soaps, disinfectants and insecticides.

According to eminent economist Pedro Monreal, chicken exports from America to Cuba In terms of value, there was a very slight increase of 2% in JulyHowever, the tonne exported had decreased by 10%, indicating an increase in the unit value of the product.

Monreal specifies that, between January and July 2022, US chicken meat exports to Cuba accumulated a total of 161,832 tonnes with a value of $152.3 million.

In addition, the Economist notes that “the value of one kilogram of American chicken exported to Cuba in July 2022 (USD 1.1) was the highest recorded since January 2019, reflecting a combination of high demand for a cheap protein source.” which has a higher cost, supply factor and greater operational risk”.

Previously, Montreal determined that, from February to May 2022, tons of chicken meat would be imported into the island from that country. fell 54%,

This, he confirms, could be a “shortage phase of imports from the main supplier” of chicken for the Caribbean nation.

However, Monreal explained that, despite the contraction experienced by exports of this product in the fifth month of the year, the level – both in value and tonne – remained “relatively higher than historical data”.

was also in april increase from March, when the price of food was $0.87 USD per kilogram. The increase was only 4.6%, Monreal reported at the time, despite rising prices for grains used in animal feed.

Chicken is exported from America in February. were more than 31 thousand tonswhich was the third largest recorded in the past two decades, and confirmed the Cuban regime’s reliance on these imports to try to guarantee the population’s meager diet.

Nation World News Desk
Nation World News Desk
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