26-January-2023

News and Press Release in English on Cuba about Agriculture and Food and Nutrition; published on 26 Jan 2023 by FAO.

After unifying the dual exchange rates in January 2021, which resulted in the devaluation of the country’s currency by 96 percent, inflation soared in 2021 and, at a lesser extent, in 2022. Cereal imports in the 2021/22 marketing year were well below the average, as high international cereal prices curtailed the country’s capacity to import. The seasonal area sown is expected to be also below average.