Saturday, December 17, 2005

Cuba and U.S. Wheat Associates Sign Historic Agreement

USAgNet - 12/16/2005

Taking an historic and welcome step toward further normalization of grain trade between Cuba and the U.S., this morning Cuba's food buying agency committed to purchase half a million tons of U.S. wheat in the next calendar year.

Representatives from U.S. Wheat Associates, the industry's export market development organization, arrived in Cuba on Monday morning and were greeted warmly by the leadership of Alimport, the Cuban government's official food importers.

By Tuesday, the two groups agreed to cement deepening trade relations with a formal Letter of Intent.

In a moving ceremony held this morning in Havana, they signed the letter, spelling out the terms of the pledge.

"Recognizing the quality of the U.S. wheat and related products, as well as the professional performance of American wheat growers and processors, Alimport hereby undertakes to purchase 500,000 metric tons of wheat from American exporters in 2006," the letter states.
The purchases are subject to competitive pricing, delivery and other applicable terms.

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