Iran to repair sugar factories in Cuba
The Iranian-Cuban business forum in Tehran discussed plans to reconstruct and optimize 160 Cuban cane sugar factories.
Farshad Mokimi, Director General of the Iranian Organization of Small Enterprises and Industrial Parks, said that feasibility studies for the project have already begun, and the expected results will soon be available to Iranian companies.
Mokimi also mentioned that after the visit of Cuban delegations to Iran in November 2023, negotiations were held, including on the export of agricultural products, fertilizers, and pesticides to Cuba.
Over the past decades, sugar production in Cuba has declined significantly, falling from 7 million tons in the 1980s to 480 thousand tons in 2022, which was facilitated by US sanctions.
Read also
MERCOSUR Agri Markets: The Forces Reshaping Global Supply
Corn prices in Ukraine are rising, but competition with Argentine grain is intensi...
Escalation of conflict around Iran could trigger rise in corn prices
Pig population in the EU has decreased slightly
Wheat exports from Ukraine exceeded 10 mln tons
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon