Cuba Doubles Purchasing Price to Sugar Cane Growers Seeking Greater Outputs
HAVANA,Cuba, Jun 29 (acn) The Cuban government dobled the purchasing
price per ton of sugar cane aiming to attract farmers to develop this
crop to boost its production in the country, according to Sugar deputy
Minister Nelson Labrada.
Cuban News Agency
Sources of this Ministry said that they have received over 15,000 new
applications to lease idle lands to produce cane, following the passing
of the Decree-Law 259, which enable Cubans to acquire land to work on.
Deputy Minister Labrada pointed out at the Center of Studies of the
Cuban Economy that the first priority is to produce sugar cane to then
have the raw material to obtain sugar, alcohol and other by-products.
The goal is to reach a two-fold increase on the tonnage per hectare
within the next five years, and to achieve this it is mandatory to
increase yield, repair roads and to plant enough cane, as well as to
improve the crops irrigation.
"The world's demand for sugar will continue growing and it shows in the
markets" said Labrada.
Meanwhile, the raw sugar price rose to 29 cents per pound in the New
York market, and in London the metric ton of refined sugar skyrocketed
to 764.9 dollars.