No flood of orders for US food yet from Cuba
Washington
BEFORE the US embargo, Cuba bought more American rice than any other country in the world. Now, most Cuban rice comes from Vietnam. Last year, Cuba imported US$200 million worth of wheat - virtually all of it from Europe and Canada and none from the United States, the largest global exporter.
Many US agricultural producers thought those facts would begin to change this year, as US relations with Cuba improved.
But in the six months since President Barack Obama announced a new opening to the island, sales of US foodstuffs - among the few US products allowed, with restrictions, under the embargo - have dropped by half,…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?