BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.74 Increased By ▲ 0.05 (0.65%)
BECO 5.29 Decreased By ▼ -0.02 (-0.38%)
BML 60.01 Decreased By ▼ -1.22 (-1.99%)
BOP 36.46 Increased By ▲ 0.46 (1.28%)
CNERGY 11.94 Increased By ▲ 0.69 (6.13%)
CSIL 6.17 No Change ▼ 0.00 (0%)
FCCL 57.36 Increased By ▲ 0.48 (0.84%)
FFL 16.58 Increased By ▲ 0.07 (0.42%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.32 Decreased By ▼ -0.10 (-1.35%)
KOSM 6.05 No Change ▼ 0.00 (0%)
LOTCHEM 27.14 Decreased By ▼ -0.06 (-0.22%)
MLCF 102.07 Decreased By ▼ -1.02 (-0.99%)
NBP 206.35 Decreased By ▼ -1.28 (-0.62%)
NCPL 62.62 Increased By ▲ 0.70 (1.13%)
NPL 71.98 Decreased By ▼ -0.20 (-0.28%)
OGDC 319.19 Increased By ▲ 0.70 (0.22%)
PACE 11.38 Increased By ▲ 0.32 (2.89%)
PAEL 43.88 Decreased By ▼ -0.50 (-1.13%)
PIBTL 16.84 Decreased By ▼ -0.06 (-0.36%)
PPL 221.55 Decreased By ▼ -0.93 (-0.42%)
PRL 63.75 Decreased By ▼ -0.06 (-0.09%)
PTC 72.41 Decreased By ▼ -0.75 (-1.03%)
SSGC 27.28 Increased By ▲ 0.03 (0.11%)
TBL 9.86 Decreased By ▼ -0.02 (-0.2%)
TELE 8.62 Decreased By ▼ -0.19 (-2.16%)
TPL 20.68 Increased By ▲ 0.34 (1.67%)
TPLP 14.98 Increased By ▲ 0.01 (0.07%)
TREET 24.10 No Change ▼ 0.00 (0%)
TRG 63.29 Increased By ▲ 0.92 (1.48%)
Print Print edition: 2011-09-30

Cuba eliminates sugar ministry

Published Updated

Cuba has eliminated its Ministry of Sugar, the emblem of an era when sugar was king in the Caribbean's largest island, replacing it with a group of state enterprises charged with revitalising the depressed industry, the official press announced Thursday.
A cabinet meeting presided by President Raul Castro decided to "put an end to the Ministry of Sugar, which no longer fulfils functions of state," the Communist Party newspaper Granma said. Created in 1964, the ministry will be replaced by a group of agro-industrial enterprises to gain efficiency and "generate exports to finance its own costs," the newspaper said.
The industry will be reorganised under 13 provincial enterprises, and the number of active sugar mills reduced from 61 to 56. Plans call for increasing production 19 percent to 1.1 million tons of sugar in the next harvest, which runs from December to May. For decades, the sugar industry was the foundation of the Cuban economy, with production reaching 8.2 million tons at the end of the 1980s, but it collapsed to one million tons a year after the break-up of the Soviet Union.
"It should not be forgotten that the sugar sector comprises a labour force that was one of the most revolutionary in the country in the time of capitalism," Castro was quoted as reminding the ministers. Castro has introduced a series of reforms of Cuba's communist economy, allowing small scale private enterprises to foster growth and employment while scaling back the role of the state.

Copyright Agence France-Presse, 2011

Comments

Comments are closed for this article.