July Food/Ag Exports To Cuba Increased 705%; Down 2% Overall For Year
/ECONOMIC EYE ON CUBA©
September 2016
July Food/Ag Exports Increased 705%- 1
Decreased 2% For First Seven Months Of 2016- 5
Healthcare Product Exports- 2
Humanitarian Donations- 2
U.S. Port Export Data- 13
Updated Speaking Schedule- 15
JULY FOOD/AG EXPORTS INCREASED 705%- Exports of food products & agricultural commodities from the United States to the Republic of Cuba in July 2016 were US$20,227,854.00 compared to US$3,342,526.00 in July 2015 and US$17,242,746.00 in July 2014.
An outbreak of Avian Flu had restricted United States poultry exports to the Republic of Cuba in 2015. In June 2015, July 2015, and September 2015, Republic of Cuba government-operated Empresa Cubana Importadora Alimentos (Alimport), under the auspice of the Ministry of Foreign Trade of Cuba (MINCEX), used a credit facility to purchase frozen poultry from Brazil. Poultry prices were high in 2014, low in 2015 and are expected to remain low in 2016. Alimport is expected to purchase between 8,400 metric tons and 12,000 metric tons of frozen poultry per month from United States-based companies in 2016.
Products included: Chicken Leg Quarters, Soybean Oil, Chicken Meat, Chicken Legs, Cookies, Chocolate (retail), Chocolate (bulk), and Beer.
July 2016 exporters included: Atlanta, Georgia-based Globex International (poultry); New York, New York-based Intervision Foods (poultry); Atlanta, Georgia-based AJC International (poultry); Chattanooga, Tennessee-based Koch Foods (poultry and not reported products); Bedford, Massachusetts-based Sellari Enterprises (poultry); Wellesley, Massachusetts-based Grove Services (poultry); Little Rock, Arkansas-based Mountaire Farms (poultry); Park Ridge, Illinois-based Koch Foods (not reported).