CUBA NEWS

April 19, 2006

 

Cuba To Buy Another $30M In Food From Nebraska

CattleNetwork.com, KS, April 19, 2006.

HAVANA (AP)--Cuba agreed Wednesday to buy another $30 million in food from Nebraska, strengthening trade relations with a U.S. farm state already selling corn, wheat, soybeans and other products to the communist-run island.

Nebraska Lt. Gov. Rick Sheehy and Agriculture Director Greg Ibach led the trade delegation, which included meat and other agriculture producers on the four-day trip.

In August, Nebraska Gov. Dave Heineman visited Cuba and signed a separate deal to export $30 million in agricultural products in an 18-month period. Most of those deals have since been completed, said Pedro Alvarez, head of the Cuban food import firm Alimport.

"We've had a great commerce experience with Nebraska and this shows the desire of many (U.S.) states to work for free trade with the United States," Alvarez told The Associated Press at Havana's historic Hotel Nacional during a breakfast hosted by Farmland Foods Inc. that featuring Nebraska pork and other meat products.

Sheehy said the new deal will include the export of pork, cattle, poultry, wheat, corn, soybeans, dry beans and dairy in the next 18 months.

"Agriculture is the number one industry in the state and Gov. Heineman saw an opportunity in Cuba to expand our market," Sheehy said.

A 45-year-old U.S. embargo against communist Cuba severely limits travel and trade with the island, but an exception created in 2000 allows food and agricultural products to be sold directly to Cuba on a cash-only basis.

For the past four years, Cuba has contracted to buy more than $1.4 billion in U.S. farm goods, including shipping and hefty bank fees to send payments through third nations, according to Alimport.

Source: Dow Jones Newswire


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