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World at Work: Cuba

By Jane Hwang - 2013-02-07T13:27:07Z

Photograph by Andrey Rudakov/Bloomberg

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After peaking at approximately 8 million tons in 1989, sugar production started plummeting around 2002 amid rock-bottom international prices and what analysts call a legacy of decades of mismanagement.

Left, freshly cut cane stalks in a trailer during a sugarcane harvest. Sugar prices fell 16 percent last year as global supplies are forecast to outpace demand for a third straight year in 2012-13, according to the London-based International Sugar Organization.

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