32 THECUBAREVIEW 



SUGAR REVIEW 



Sfci-ially writleit for THE CUBA REI'IEir by llilli-tt & Gray, New York. 



At tlie time of our last rei»<nr, whicli was written nn .May 'Id, 1920, tlie raw sugar 

 market was quoted on tlie basis of 21c c. & f. (22.0Tc duty jtaid) with a wealc tone 

 prevail ill!;. The reaction which took place soon after has contiimed and at this writing 

 the market is quiet on the basis of 18.31c duty paid, which we quote, with sales of 

 July shipment, Cuhas at IT^/ic c. & f. or 18..31c duty paid. Besides the Cuban and 

 Porto Kican sugars which are offering there have been Argentine, Perus, Brazils 

 and other outside sugars, but as most of the latter are for shipment our refiners are 

 not interested in same at the moment. 



According to advices from Cuba, with the exception of some disturl)ances among 

 the Cul)an Railroad emi)loyes at one or two ports, conditions are generally satis- 

 factory, although the receipts at the .shipping ports this past we<^k are smaller than 

 were expected. With the dull tone prevailing, however, there has been little incentive 

 for the factories to forward their sugars to the shipping ports until same are sold, 

 provided of course that they have sufficient storage space at the factories. The 

 weather continues showery in many parts of the Island, which condition is very 

 favorable for the growing cane. Eighteen centrals are still operating on the 1919-20 

 crop. The 173 centrals which have finished to date have outturned ;',.3:'j8..>S2 tons 

 of sugar as against 3,."il5,089 tons in 1918-19. 



According to our hitest advices from the European beet growing centers the 

 weather recently has been a little too cold and wet, but is now showing improvemeiit. 

 According to advices from France the area phinted to beets is larger than was 

 previously indicated and this crop which starts harvesting next October is estimated 

 at 300,000 tons or an increase of 50,000 tons over previous estimate. The outlook 

 in (iermany is for a crop of l,3tMX<Xi0 tons. A good increase is also expected in Poland, 

 so at this writing we are inclined to look for a total crop in Europe during 1920-21 

 of 3,79o,0<iO tons against 2.r.:',4.oTl tons, the latest estimate on 1919-20, details being 

 given below : 



EUROPEAN, BEET CROI' 

 The following taiile shows our estimates for the 1920-21 beet crop in Europe, 

 COmjiared with latest tigures for 1919-20: 



l'.»2(i-21 i;tl9-20 



Tons Tons 



Germany 1,:{(M»,000 750,000 



Czecho-Slovakia 750,000 535,000 



Hungary and Austria 50.000 50,000 



France .300.000 1.54.444 



Belgium 18.5,0O<> 127.7<X> 



Holland 325,000 2:>»>,277 



Russia 1 75,000 225,000 



Sweden 1 75.00O 145,000 



Denmark 105,(M)O 160,000 



Italy Itkt.OOO 1.50,000 



Spain 17.5,O0<> Sl,r>.50 



Switzerlanil 5,fM)0 4,000 



Bulgaria 15.<KM> 15.000 



Roumania 15.()(H) 



3.795,rMX> 2,t>34,071 



In France the proitosition of the Government to requisition the next crop of 

 sugar caused a complete interruption in business. This proposition also caused con- 

 siderable protest throughout the country because if same were passed and the contracts 

 already made cancelled many of the factories would find themselves in serious finan- 



