The collapse of the Soviet Union hit the Cuban economy severely. The island nation lost approximately 80% of its imports, 80% of its exports and its Gross Domestic Product dropped by a third, virtually overnight. Entirely dependent on fossil fuels to operate, the major buttresses of Cuban society – its transport, industrial and agricultural systems … Read more
Cuba made its first US soyoil purchase in more than five years this month with the purchase of 7,600 tonnes, according to the US Department of Agriculture. The transaction made headlines because the trend in exports from the US to Cuba has been declining since it peaked in 2008. Also, drought and heavy rains in … Read more
By the Cuba Journal staff As relations between the United States and Cuba continue to show signs of improvement, the U.S. Department of Agriculture has issued a report expressing the potential for mutually beneficial agricultural trade and resultant economic growth. The report points to the benefits of the resumption of normalized economic relations with Cuba, … Read more
