Cuba - Profiting From The Capitalist Chicken

[Nino]

If the 600% profit would go to the population I wouldn't mind ....

Cuba buys chicken for 1 dollar in the United States and sells it for 7

The Island imports up to 16 times more of the bird from the northern country than from its second supplier, Brazil

14ymedio, Madrid | June 22, 2021

https://www.14ymedio.com/economia/Pollo_0_3117288244.html

Chicken exports from Brazil to Cuba, with 2,161 tons of meat, grew again in May for the third consecutive month, after marking their annual low in March with 1,736. However, the South American country, second in sales of the bird to the island, is still very far from the United States, which sends up to 16 times more.

The latest data available for both countries are those for April (as those for May for the US are not yet published). In that month, the northern country sold 30,024 tons of chicken to Cuba, compared to 1,892 in Brazil. The total places last month with record figures, only surpassed in July 2019, when the Island bought 37,595 tons of meat from its two main suppliers of the product.

The economist Pedro Monreal, who takes data from the US Foreign Service of Agriculture and the Ministry of Industry, Foreign Trade and Services of Brazil, once again confirms that Brazilian chicken is much more expensive than the American one, regardless of the distance, That also pushes up the final cost. In April, the kilo of American chicken sold to Cuba was 46 cents cheaper than the Brazilian, "not including freight or insurance."

This May, the unit value of Brazilian chicken was 1.48 dollars per kilo. With respect to April, 14.2% more of the product was imported, especially of the bird by pieces, with 1,926 tons, compared to only 245 of the whole animal.

But wherever the chicken comes from, the Cuban state sets the price it wants. This Monday, a box of 14.5 kilos of chicken breasts was sold for $ 110 (7.58 per kilo) in the market on Rancho Boyeros Avenue on the corner of Camagüey, in Havana.

According to data from the historical series managed by Monreal, the year in which Cuba imported the most chicken from the United States was 2019, while in 2020, when the crisis was further aggravated by the pandemic, the fourth highest figure since the beginning was obtained. of the century.

Between 2001 and 2020, the United States has sent 2.48 million tons of chicken meat worth 2,088 billion dollars to Cuba.

This week, the United States Food Safety and Inspection Service (FSIS) updated the list of products that Cuba can buy from the United States. These include frozen and fresh pork, beef, sheep and goat meats, as well as products. derived from sheep and goat.

US producers can export if they are verified to meet the requirements and provide the relevant documentation. Poultry and poultry products also appear on the list, although eggs are not specified and there are some restrictions by date and US states related to suspected outbreaks of bird flu.

According to a report by the United States International Trade Commission published in April 2016, the country is among the top ten suppliers of food products to Cuba thanks to the 2000 rule that allows it to carry out direct commercial imports of some food and agricultural inputs. provided that they are paid in advance and in cash, due to the prohibition of granting credit to the Island in accordance with the embargo laws.

In addition, Cuba has great difficulties to finance itself and obtain loans abroad due to its high credit risk and high external debt, so accessing loans from a third country is not easy for the Island.

However, Cuba brings multiple products from its northern neighbor, soybean oil, flour, fresh fruits, feed and fodder mainly, in addition to the aforementioned chicken.

The bird has become one of the most appreciated pieces of meat in the absence of the pig and the almost impossible beef. The national chicken production is very scarce. The best year for which data exist is 1989, when 73,300 tons were achieved. In 2018, however, barely 8,200 tons were reached.

Cubans currently endure long lines every time there is chicken for sale, in the best of cases, to get a poor piece. The shortage has led to rationing the quantity and reducing the traded pieces, which are often more thighs and hindquarters and fewer breasts or whole chickens.

[Corylax18]

1 hour ago, Nino said:

Between 2001 and 2020, the United States has sent 2.48 million tons of chicken meat worth 2,088 billion dollars to Cuba.

"We can't spend foreign currency easily, so we need to steal your USD!!" Wasn't that the story last week?

Like a rotten onion, the layers peal back. They needed the USD, so they could pay for chicken, then profit from it. Then use the profits to fund more hotels for the rush of tourists Cuba saw last year.................

Everyone seems to understand and be willing participate in capitalism, the "socialist" government especially. I've said this before, but the Hypocrisy on both sides is astounding. 

[rcarlson]

2 hours ago, Nino said:

If the 600% profit would go to the population I wouldn't mind ....

Profit?  

(I know what you mean, but it's still a false premise)

[Nino]

1 hour ago, rcarlson said:

Profit? 

(I know what you mean, but it's still a false premise)

Yeah - let me correct it : If the theft would profit the victims....

[Santiago]

So American people are forbidden from spending money on vacations and cigars which 'support the Cuban regime' while the American chicken factories and Cuban government profit off this deal.

 

Not surprised...

[NSXCIGAR]

We're gonna have an embargo, except for items that enrich the state more than usual...

And no gifts to your relatives!