Cuba Deal Costing Europe in $150-Million Wheat Export Market
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The European Union stands to lose a $150-million wheat market in Cuba as the U.S. moves to normalize relations with the island nation after a 50-year embargo.
Wheat is Cuba’s second-biggest import, behind refined petroleum. The country bought 548,756 metric tons of the grain from the European Union in the year through June, with a value of 121 million euros ($149 million), including 356,639 tons from France, Eurostat data show.