World Economy

US Food Sales to Cuba Slow

US Food Sales to Cuba SlowUS Food Sales to Cuba Slow

US agricultural exports to Cuba fell below $300 million last year for the first time since 2003 as the island’s financial woes continued and it purchased food on credit elsewhere, a trade group said, VoA reported. The United States created an exception to its trade embargo of Cuba in 2000 to allow food and medicine sales, but it still denies Cuba credit, forcing it to pay cash up front. US food sales of $291m in 2014 were down from $349m in 2013 and far from the $710m peak in 2008, the New York-based US-Cuba Trade and Economic Council said in a report obtained by Reuters.