40 T II E CUBA u i; \- I i: w 



SUGAR REVIEW 



specially zfritten for THE CUBA REVIEW by Uillcit &■ Gray, New York. 



We wrote you last on Jaiuiary :!(>, at which (hitc the market for spot sugars, 

 duty paid at New York, was on tlie basis of i:'..(>4c. Shortly after tliat date a declin- 

 ing trend set in and itrices declined until tliey reached the level of lO.Hic, duty paid, 

 or equal to 9%c c. iV.- f. At that level, however, the market stiffentxl and recently 

 sharp advances have taken idace, l)ringing ciuotations hack to the hasis of 11.41c, 

 duty paid, or say 10 %c c. & f., which is the quotation at this writing. 



Full duty sugars last sold on the hasis of 10c c. i. f. 



Porto Kico sugars have sold within a day or two at in.7r»c c. i. f. to New Orleans, 

 but holders are now asking lie landed at New York, with very few sugars offered. 



Cul>as for April loading have also sold at JJ.Moc f. o. h. Cuba. 



Reports from the Island of Cuba are very satisfactory and good progress is Innng 

 made in crop making. One hundred and eighty-six centrals are at work with visible 

 production to date at 1,770,219 tons, against 'J4.j,10S tons last year and 971,70.3 tons to 

 same date in 1918. The strikes hi Cuba, tying up the Port of Havana and the rail- 

 road system, threatening a continuance of the severe sugar shortage in the United 

 States, have happily been ended and exports during the past few w^eeks from the ship- 

 ping ports have been large, insuring ample supplies here. Since we last wrote you 

 one small central, "Elena," has been destroyed l»y fire. 



The domestic cane sugar crop in Louisiana is doing very satisfactorily at this 

 writing, although it is, of course, too early to make any estimates as to tlie probable 

 outturn this next season. Temperatures during February have been mild with none 

 of the severely cold weather which has occurred in this month in the several previous 

 years, and with the continuance of these conditions the cane harvest in the State will 

 undoubtedly be a banner one. 



The domestic beet sugar crop of 1920 is iiractically at an end. While we have not 

 yet compiled our final figures on the outturn, the ciop was nuich below early expecta- 

 tions and will not, we think, exceed 050,00 tons. 



The New Y'ork Coffee and Sugar Exchang(> re-opened for trading in sugar futures 

 on February Kith, which is some indication that the sugar industry is at last slowly 

 getting l)ack to normal. Severe restrictions have been placed on the trading for the 

 time being, and consequently the amount of business doing is very limited, the senti- 

 ment appearing to 1)6 to await developments. 



We are now in receipt of statistics showing the sugar business of the T'nited 

 Kingdom for the year 1919, which will doubtless be of interest to your readers. The 

 total imports of raw sugar for the year amounted to 1,129,708 tons, against 1,284,099 

 tons in the previous year and 1,218,039 tons in 1917. Imports of refined sugar amount- 

 -ed to 467,759 tons, against 21,551 tons in 1918 and 169,470 tons in 1917. Of these 

 imports in 1919, 223,747 tons were received from the United States and 117,9(K) tons 

 from Java. The home consumption for the year totaled l,649,G4.j tons, against 

 1,062,787 tons in 1918 and l,222,(t27 tons in 1917. 



The following table is very interesting, showing as it does the production of 

 sugar in .Java by months during the past season with average figures for the last 

 three crojis. The heiglit of production during 1919 was reached in August, when 

 S52,686 tons were made. 



Java. — Production by months of "First Kuiming" Sugars: 



Reason Averuqc of CropH 



1919 1916-17-18 



ToH-s- 2.24(1 /^(.s-. ToH.s 2.240 //;.s-. 



?*rav 109..S29 116.826 



