Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Cuba slashes size of daily bread ration as ingredients run thin

by
September 16, 2024
in Stock
0
Cuba slashes size of daily bread ration as ingredients run thin

HAVANA (Reuters) – Cuba’s communist-run government on Monday slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme created by the late Fidel Castro.

The bread, one of a handful of still subsidized basic food products in Cuba, will be reduced from 80 grams to 60 grams (2.1 oz), or approximately the weight of an average cookie or a small bar of soap. Its price, too, was slightly reduced, to just under 1 peso, or 1/3 of a cent.

Still, many Cubans, who earn around 4648 pesos a month, or around $15, can scarcely afford to shop for more expensive bread on the private market, leaving them with few alternatives.

“We have to accept it, what else can we do?” Havana-resident Dolores Fernandez told Reuters while she stood outside a bakery on Monday. “There’s no choice.”

Cuba last week said it had run short of the wheat flour it needs to produce the bread, a predicament the government blames on the U.S. trade embargo, a complex web of restrictions that complicates Cuba’s global financial transactions.

The Caribbean island nation is suffering from extreme shortages of food, fuel and medicine, shortfalls that have primed a record-breaking exodus of its citizens to the nearby United States.

Cuba’s ration book, or “libreta,” as it is known among island residents, was once considered a hallmark of Fidel Castro’s 1959 revolution, providing a range of deeply-discounted products to all Cubans, including bread, fish, meat, milk, and cleaning and toiletry supplies.

Today, the crisis-racked government offers just a fraction of those products, and often, they arrive late, in poor quality or not at all.

Bernardo Matos, of Havana, said he had not detected a change in bread size on Monday, but said he was unhappy with the quality.

“The quality is terrible,” he said shortly after purchasing his ration. “The flour tastes like acid.”

Cuba’s government has said it planned to reinforce inspections at state bakeries to assure quality does not suffer.

Cuba earlier this year sought help from the World Food Programme to guarantee the supply of subsidized powdered milk for children, another key staple of the Cuban ration book that has recently grown scarce.

Beyond the few remaining centrally planned economies like Cuba’s and North Korea’s, rationing is typically only used during war-time, natural disasters or specific contingencies.

This post appeared first on investing.com
Previous Post

Secret Service under scrutiny after second potential attempt on Trump’s life

Next Post

Ani Pharmaceuticals executive sells shares worth over $14k

Next Post
Ani Pharmaceuticals executive sells shares worth over $14k

Ani Pharmaceuticals executive sells shares worth over $14k

Subscribe to InvestiStratix.com

    Popular News

    ECB rate cuts show weakening impact on European lending, says ING

    ECB rate cuts show weakening impact on European lending, says ING

    July 1, 2025
    Brazil debt edges up to 76.1% of GDP in May as interest payments surge

    Brazil debt edges up to 76.1% of GDP in May as interest payments surge

    July 1, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 1, 2025
    Oil prices face litmus test as US-Iran nuclear talks, OPEC meeting to shape market next week

    Oil prices face litmus test as US-Iran nuclear talks, OPEC meeting to shape market next week

    June 30, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    June 30, 2025

    Trending News

    ECB rate cuts show weakening impact on European lending, says ING

    ECB rate cuts show weakening impact on European lending, says ING

    July 1, 2025
    Brazil debt edges up to 76.1% of GDP in May as interest payments surge

    Brazil debt edges up to 76.1% of GDP in May as interest payments surge

    July 1, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 1, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      June 30, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved