CAMAGUEY, Cuba.- As a result of efforts to increase the production of raw sugar, the Cuban province of Camaguey is expected to bring US$111.6 million to the country’s economy this year, a much more
ambition plan that last year’s.
In the first two months of the year local enterprises have contributed more than $29.9 million, Adalberto Perez, specialist from the local office of the Ministry of Foreign Trade and Foreign Investment (MINCEX).
Exports in this period correspond to 13 products mostly by the Camaguey sugar enterprise and the entities from the ministries of Transportation, and Science, Technology and Environment.
According to Fidel Perez, Tecnoazucar provincial director –in charge of sugar exports and commercialization- said that by the end of March, 34,988 tons of sugar had been processed in the province, of a 60,355 annual plan scheduled for selling on the international market, where it is currently
quoted at around $540.
MINCEX local authority Iris Cruz reaffirmed that sugar continues to be the number-one export item in Camaguey.
In 2011, the province’s exports amounted to $39.07 million, which surpassed the plan by 126.3 %, though still bellow its potential output.