Cuba turns trade tables by buying outside sugar
October 13, 1982
New York
Cuba, the world's leading sugar exporter, recently bought an estimated 100, 000 to 120,000 metric tons of free-market sugar, according to world sugar traders. The purchases have stirred speculation that the Cubans, under pressure to ship more sugar to the Soviet Union, may be feeling a temporary shortage of sugar to meet export commitments.
Trade sources said Cuba may also be importing the sugar to fulfill a long-term agreement to supply Mexico with 100,000 metric tons of white sugar.