{"id":3837,"date":"2015-06-18T13:54:01","date_gmt":"2015-06-18T13:54:01","guid":{"rendered":"https:\/\/grains.org\/ltamex\/national-corn-barley-leaders-to-visit-cuba-to-continue-market-assessment\/"},"modified":"2015-06-18T13:54:01","modified_gmt":"2015-06-18T13:54:01","slug":"national-corn-barley-leaders-to-visit-cuba-to-continue-market-assessment","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/national-corn-barley-leaders-to-visit-cuba-to-continue-market-assessment\/","title":{"rendered":"National Corn, Barley Leaders To Visit Cuba To Continue Market Assessment"},"content":{"rendered":"
Leaders from the U.S. Grains Council (USGC), the National Corn Growers Association (NCGA) and the North Dakota Barley Council are set to travel to Cuba next week to continue the grain industry\u00e2\u20ac\u2122s appraisal of the market potential for U.S. coarse grain exports and reengagement with key customers. <\/span><\/p>\n This mission will include a visit to a Cuban port, meetings with Cuban government officials and tours of the animal sectors in Cuba including beef, dairy and poultry.<\/span><\/p>\n The following U.S. ag commodity leaders are slated to take part in this mission: <\/span><\/p>\n \u00e2\u20ac\u0153We know there are significant opportunities for U.S. coarse grain exports to Cuba if policies allow us to help develop markets there,\u00e2\u20ac\ufffd Sleight said. <\/span><\/p>\n \u00e2\u20ac\u0153In addition to looking at opportunities, the mission will look at barriers and hurdles to trade, including those related to finance that the Council\u00e2\u20ac\u2122s assessments to date have identified as critical.\u00e2\u20ac\ufffd <\/span><\/p>\n The long-time U.S. embargo on engagement with Cuba has limited the ability of Cubans to bring in U.S. dollars from tourism or exports. This and restrictions on how sales to Cuba can be financed has made increasing trade with the country very challenging. <\/span><\/p>\n Despite this, the market offers significant opportunities for U.S. farmers with imports of 900,000 metric tons (35.4 million bushels) of corn annually. If U.S. farmers could capture all of that market share on a regular basis, Cuba would become the 12th largest importer of U.S. corn and would also have the potential to increase its usage of U.S. distiller\u00e2\u20ac\u2122s dried grains with solubles (DDGS) and other grains.<\/span><\/p>\n According to Gray, who visited Cuba with a wider ag industry group in March, there is also potential to further increase the market\u00e2\u20ac\u2122s demand for coarse grains by developing its poultry industry. <\/span><\/p>\n \u00e2\u20ac\u0153Currently, Cuba has no broiler production and limited egg production,\u00e2\u20ac\ufffd Gray said. \u00e2\u20ac\u0153The Cuban government has indicated it is open to cooperation with the private sector, which would allow programs to build and expand the nation\u00e2\u20ac\u2122s poultry production. This could create new demand for corn and other coarse grains and co-products in this nation that is just 90 miles south of the U.S. coast.\u00e2\u20ac\ufffd<\/span><\/p>\n\n