06-06-2012 16:45 Cuba
Cuba hosts int. seminar on world's sugar prospects
HAVANA, June 6 (NNN-PRENSA LATINA) - Representatives from 17 nations will gather here tomorrow to discuss world prospects for the sugar market.
"We want to know from specialists and international lectures the changing situation and challenges ahead of the international sugar market," said the Director of Cubazucar, Juan Alberto Kelly to Prensa Latina.
Other issues include the future role of Cuba in the world sugar economy, the supply and demand situation of the commodity by 2020, sugar products and new developments in sugar cane production.
The event is sponsored by the Ministry of Foreign Trade and Investment, the International Sugar Organisation (ISO) and the sugar group Azcuba.
It is held in conjunction with the 50th anniversary of Cubazucar, a state-run company of the ministry, dealing with Cuban sugar exports.
It has an essential role in the national economy because sugar remains a high value-added product with a significant role in the balance of trade and payment.
ISO Director Peter Baron will also attend the seminar.
"We want to host the seminar not only to mark the anniversary of the foundation of the corporation in 1962, but also to talk about the Cuban sugar industry, its reality, challenges, possibilities and projections," said Kelly.
Others include a presentation of the experiences of the Jesus Rabi sugar mill, in western Cuba, because of its high agricultural and industrial efficiency. It boasts an advanced harvest system.