PanamaTimes

Friday, Dec 27, 2024

Cuba's Sugar Industry on the Brink of Collapse

Cuba's sugar industry, once the core of its economy, is nearing collapse due to inflation, shortages, and mismanagement. Production has dropped drastically, and workers like Miguel Guzmán struggle with poor wages as Cuba now imports sugar. The shift to tourism and recent fuel price hikes highlight broader economic challenges, while issues of corruption further strain the nation's economic stability.
For hundreds of years, sugar was the mainstay of Cuba's economy, forming the backbone of its export and rum industries.

Families like the Guzmáns, working in the Yumurí Sugar Co-operative near Cienfuegos, have dedicated their lives to sugarcane farming.

Miguel Guzmán, a seasoned cutter, now sees the industry broken by spiraling inflation, shortages, and US economic embargoes.

Production plummeted to 350,000 tonnes last season, a stark contrast to 1.3 million tonnes in 2019.

Despite hard work, workers like Guzmán receive inadequate wages, and Cuba now imports sugar to meet domestic demand.

Chronic underinvestment and the shift towards tourism have compounded these issues.

Only two dozen sugar mills, including Ciudad Caracas, are operational, with others at a standstill.

Entrepreneur Martin Nizarane, who imports sugar for his yogurt and ice cream business, highlights a shift towards private enterprise.

This collapse not only affects sugar and rum exports but reflects broader economic woes, exacerbated by recent fuel price hikes and allegations of governmental corruption.

Economist Juan Triana notes that the once-central sugar industry is losing its role, challenging Cuba's identity and economic stability.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
The Closure of the Global Engagement Center: Controversy, Claims, and Conclusions
The American Democrats Party Strives to Rise from the Ashes
Trump Nominates Kevin Marino Cabrera as Ambassador to Panama Amid Canal Dispute
Texas Congresswoman Kay Granger Located in Nursing Home Following Six Months of Inactivity
A large group of unauthorized migrants is traveling through Mexico with the aim of reaching the USA before Trump assumes office.
A Democrat Congresswoman with blue and black hair is having a breakdown over "President Musk."
Argentina Defies Predictions with Record $17 Billion Trade Surplus, But Is the Growth Sustainable?
Disney's High Seas Gamble: Navigating the Waters of Cruise Expansion
The Surprising Impact of Extreme Heat on Mexico's Youth
Polarization: The Word That Unites a Divided Era
Exoneration in the Subway: The Complexities of Self-Defense and Public Safety
The Tragic Passing of UnitedHealthcare CEO Highlights Corporate Security Challenges
Global Developments: Violence in Sinaloa, Political Chaos in the Bahamas, Venezuelan Voting Disputes, and a Major UK Drug Bust
OpenAI and Anduril: Charting AI's Path in Modern Warfare
The Pardon of Hunter Biden: A Symbol of Hypocrisy
Biden Crafted the Strategy Used by Trump
South Korea's Democracy Tested: President Yoon’s Martial Law Reversal Sparks Political Reckoning
Seoul Crisis: Yoon Suk Yeol's Martial Law Blunder Triggers Political Upheaval
Generative AI's Limited Impact on Elections Highlighted by Meta
France at the Precipice: Barnier’s Administration Confronts Unprecedented No-Confidence Vote
Jaguar Unveils Electric Concept Car, Type 00
White House Defends Presidential Pardon of Hunter Biden
xAI by Elon Musk: Transforming Ambition with a $50 Billion Valuation
President-elect Donald Trump, has announced on Truth Social that Kashyap "Kash" Patel, will be the next Director of the FBI
A Historic Milestone or Risky Precedent? The Assisted Dying Bill Splits both Parliament and the Nation in England and Wales
Trump's Tariff Threat Looms Large as Trudeau Heads to Mar-a-Lago for Talks
Canada's Oil Industry Faces Uncertainty Amidst Trump's Tariff Threat
World Court to Assess Global Legal Responsibilities on Climate Change
What the Pink Elephant Test Reveals About Thought Control
Trudeau Visits Trump in Florida Amid Rising Tariff Concerns
Is Elon Musk the Unofficial President of America?
Impact of Proposed US Tariffs on Canadian Oil Exports
U.S. policymakers face a contentious debate over whether to engage with Nicolás Maduro's regime in Venezuela.
COP29's Carbon Trading Deal Faces Major Criticisms
Indian Diplomats in Canada Monitored: Government Raises Alarm
Putin Warns Trump of Ongoing Safety Concerns
Claudia Sheinbaum Challenges Trump's Migration Claims
Insights from Dostoevsky: The Impact of Self-Deception
Trump Administration Nominees Face Threats, FBI Confirms
Elon Musk Criticizes Fighter Jets, Advocates for Drone Warfare
Kim Kardashian's Social Media Activity Fuels Political Speculation
An Examination of AI's Influence on Future Work and Life
Tulsi Gabbard's Contentious Nomination for Director of National Intelligence
$100,000 Trump Watch Faces Slow Sales
Surge in Golden Visa Interest Among Americans Post-Trump Election
Elon Musk and Vivek Ramaswamy Aim to Reduce US Federal Spending
Donald Trump nominated Linda McMahon for the position of Secretary of Education.
Russia Pledges Response Following Ukraine's Use of US Long-Range Missiles
Joe Biden Joins G20 Leaders' Photo Re-Take in Rio
Trump Plans to Reverse Biden's Fuel and EV Regulations
×