U.S. DOLLAR UNCHANGED AGAINST THE PESO- Republic of Cuba government-operated Cajas de Cambio S.A. (CADECA) sold the Convertible Peso, equal to US$1.00, for 22 Pesos and purchased the U.S. Dollar for 21 Pesos as it has since 13 April 1999.  The official international exchange rate of one Peso to one U.S. Dollar, in effect for more than thirty years, remained unchanged.  The government maintains a fixed exchange rate for its international dealings and a more flexible exchange rate for domestic use.  The government does not fluctuate the value of the Peso for commercial transactions regardless of any fluctuation with the value of the U.S. Dollar or other currencies on the international market. The Peso and the U.S. Dollar circulate freely in the Republic of Cuba.
 

CADECA Buy	CADECA Sell	From / To
22	21	13 April 1999 through 30 May 1999
21	21	15 March 1999 to 12 April 1999
20	21	4 March 1999 to 14 March 1999
21	21	19 February 1999 to 3 March 1999
21	20	13 January 1999 to 18 February 1999
21	22	26 November 1998 to 12 January 1999
21	21	15 July 1998 to 25 November 1998
19	21	1 April 1998 to 14 July 1998
20	22	12 March 1998 to 31 March 1998
21	23	11 February 1998 to 11 March 1998
23	23	August 1997 to 10 February 1998

SENATOR ARLEN SPECTER VISITS CUBA AND DISCUSSES SMITHKLINE BEACHAM REQUEST- The Honorable Arlen Specter (R-Pennsylvania) visited the Republic of Cuba from 2 June 1999 to 3 June 1999.  Senator Specter met with representatives of the Ministry of Public Health of the Republic of Cuba and visited the Republic of Cuba government-operated Finlay Institute. Senator Specter said that “Cuba can benefit from the research of the National Institutes of Health [NIH] and we can benefit from the research [the Cubans] are doing in meningitis B, for example.” He said that a meeting would be requested with The Honorable Donna Shalala, United States Secretary of Health and Human Services, to discuss opportunities for bilateral cooperation in public health matters.  In 1998, Senator Specter signed a letter to the Clinton Administration in support of a request by Philadelphia, Pennsylvania-based SmithKline Beecham, a subsidiary of Brentford, United Kingdom-based SmithKline Beecham plc (1998 revenues exceeding US$10 billion), to the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury in Washington, D.C., to authorize a laboratory in Belgium owned by a United States-based subsidiary of SmithKline Beecham plc to test, and, perhaps, eventually develop and distribute within the United States and other countries a Meningitis B vaccine developed by the Finlay Institute. Senator Specter is the Chairman of the Subcommittee on Labor, Health and Human Services, Education, and Related Agencies of the Committee on Appropriations of the United States Senate. Reportedly, the government of the Republic of Cuba could eventually receive US$10 million to US$20 million from SmithKline Beecham plc for a five-year exclusive right to market the vaccine. Compensation could be made in the form of products. Approximately 1,000 United States citizens contract Meningitis B each year, of which 120 die. Also writing to the Clinton Administration in support of the request by SmithKline Beecham were from the United States Senate: The Honorable Christopher Dodd (D-Connecticut) and The Honorable Richard Lugar (R-Indiana), among others; and from the United States House of Representatives: The Honorable Tom DeLay (R-Texas), The Honorable Sonny Callahan (R-Alabama), The Honorable Joseph McDade (R-Pennsylvania), The Honorable James Greenwood (R-Pennsylvania), The Honorable Nancy Pelosi (D-California), The Honorable Henry Waxman (D-California), and The Honorable Howard Berman (D-California) among others.

CANADIAN MINING COMPANY RETAINS UNITED STATES FINANCIAL ADVISOR- Toronto, Canada-based Holmer Gold Mines Limited (TSE: HGM) has retained New York City, New York-based CPM Group to serve as “exclusive financial advisor and to seek adequate financing… for short-term and long-term development programs.”  CPM Group is being paid to prepare a due diligence report and a valuation study for both the Loma Hierro silver mine located in the Pinar del Rio Province of the Republic of Cuba and for the Timmins gold project located in Ontario, Canada. CPM Group is considered to be the foremost precious metals research and consulting company in the world.  CPM Group clients have included Vancouver, Canada-based Placer Dome Incorporated; Denver, Colorado-based Newmont Mining Corporation; and New York City, New York-based Soros Fund Management among others.  CPM Group supplies research and consulting services to an affiliated company, CPM Management Company, which is a money management investment fund company. Holmer Gold Mines Limited owns 100% of the Timmins gold project.  A recent drill program outlined a gold deposit with a drill indicated resource of 1.96 million tons grading 7.97 gm gold/ton or 2.14 million tons grading 0.23 ounces gold/ton, totaling 500,000 ounces.  Holmer Gold Mines Limited owns 50% of the Loma Hierra silver mine.  The remaining 50% is owned by Republic of Cuba government-operated GeoMinera S.A., which is affiliated with the Ministry of Basic Industry of the Republic of Cuba.  A recently completed feasibility study completed by Holmer Gold Mines Limited on the Loma Hierro silver mine confirmed that the project is economically viable based on an open-pit, vat-leach silver mine.  Recent drilling outlined a volcanogenic base metal deposit at the San Fernando Project within the Republic of Cuba which is currently estimated to contain 440,000 tons averaging 2.19% copper and 4.51% zinc, and silver 3.67 oz/ton and additional 600,000 tons of lower grade material.  Additional drilling is planned. According to Holmer Gold Mines Limited, in order the production to commence within the Republic of Cuba there remains 1) a final operating agreement to be signed with GeoMinera S.A. 2) Holmer Gold Mines Limited must obtain financing of US$7 million and 3) GeoMinera S.A., must obtain financing of US$3.5 million.  Holmer Gold Mines Limited reports that US$3 million to US$15 million in financing is required to bring the Timmins gold project into production.  If the due diligence report and the valuation study prepared by CPM Group are satisfactory (confirming the information provided to CPM Group by Holmer Gold Mines Limited), CPM Group will then serve as a consultant to Holmer Gold Mines Limited in seeking sources of financing.  Holmer Gold Mines Limited reports that if the Timmins gold project and the Loma Hierro silver mine are placed into production simultaneously, the majority of the revenues of Holmer Gold Mines will be derived from operations within Canada.  The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury in Washington, D.C. authorizes companies subject to United States law to have non-controlling investments in third country companies that have commercial activities within the Republic of Cuba provided that the investments do not result in control in fact of the third country company and provided that a majority of the revenues of the third country company are not produced from commercial activities within the Republic of Cuba. [OFAC 4 March 1994].

STARWOOD PERMITS POINTS TRANSER TO MEXICANA AIRLINES FOR TRAVEL AWARDS TO CUBA- White Plains, New York-based Starwood Hotels & Resorts Worldwide, Inc. (1998 revenues exceeding US$6 billion) has begun to permit members of its Starwood Preferred Guest program to transfer points (on a one-to-one basis) to Mexico City, Mexico-based Mexicana de Aviacion’s (Mexicana) Frecuenta Mexicana mileage program.  Mexicana services the Republic of Cuba with nonstop flights and connecting flights to the city of Havana from Mexico City, Cancun, and Merida.  Mexicana has an office in Havana.  Individuals subject to United States law who are members of Frecuenta Mexicana can use points in their accounts for airline tickets to/from any location serviced by Mexicana.  Points in Frecuenta Mexicana can be earned through Hilton Hotels, Holiday Inn, Radisson Hotels, Diners Club card charges, American Express card charges, and Avis vehicle rentals. Mexicana has a code-share agreement with Elk Grove Township, Illinois-based United Airlines.

SHERRITT INTERNATIONAL CORPORATION CHAIRMAN REMARKS ABOUT CUBA INVESTMENTS- Mr. Ian W. DeLaney, Chairman of Toronto, Canada-based Sherritt International Corporation, speaking at the annual shareholders meeting, said that the company would look to make investments in countries other than the Republic of Cuba because “there’s a limit to the rate of which you can invest in Cuba that’s limited by their infrastructure.”  In speaking about the overall performance of the company with respect to share price, Mr. DeLaney said, “We would not want to leave anyone with the impression that this has been a satisfactory investment.  It has not.”   In 1998, approximately 16% of the total revenues of Sherritt International Corporation were derived from Republic of Cuba-related activities.  In 1998, approximately 66% of the total assets of Sherritt International Corporation were Republic of Cuba-related.  In 1997, approximately 11% of the total revenues of Sherritt International Corporation were derived from Republic of Cuba-related activities. In 1997, approximately 63% of the total assets of Sherritt International Corporation were Republic of Cuba-related.  [Please see following chart.]
 
 

Year	Total Revenues (Approximate US$)	% Of Total Revenues From Republic Of Cuba Operations
1998	US$225,270.00	16%
1997	US$251,592.48	11%

 

Year	Total Assets (Approximate US$)	% Of Total Assets Within The Republic Of Cuba
1998	US$315,582.48	66%
1997	US$267,685.92	63%

Sherritt International Corporation, recently announced the purchase of 9% of the outstanding shares of Perth, Australia-based Anaconda Nickel Limited, a public company whose principal assets are the Murrin Murrin lateritic nickel/cobalt reserves and refining facilities in Western Australia.  The value of the transaction was reported as US$34.4 million.  Sherritt International Corporation is likely to increase its percentage of ownership in Anaconda Nickel Limited.  Sherritt International Corporation is the second-largest investor within the Republic of Cuba with investments and operations in mining, energy, tourism, agriculture, and telecommunications.  [The largest investor within the Republic of Cuba is Brussels, Belgium-based Stet International, a subsidiary of Rome, Italy-based Telecom Italia.  Stet International purchased a 29.29% interest (for approximately US$300 million) in Empresa de Telecomunicaciones de Cuba S.A. (ETECSA), the joint venture with the Ministry of Communications of the Republic of Cuba, that operates the Republic of Cuba’s telephone services.]  In December 1996, Sherritt International Corporation issued CA$675 million (approximately US$473 million) in convertible debentures due 15 December 2006.  The convertible debentures carry a 6% coupon per CA$1,000.00 principal, and interest is payable semi-annually. The debenture can be converted into restricted voting shares. According to a 4 November 1997 report issued by Toronto, Canada-based Midland Walwyn (which has since been purchased by New York City, New York-based Merrill Lynch & Co., Inc., 1998 assets exceeding US$250 billion), “[t]he convertible debentures may outperform the common shares if Sherritt is slow to invest meaningful amounts of cash in Cuba, because the debentures pay interest.”  Mr. Ian W. Delaney had previously said that the CA$675 million was expected to be used for base infrastructure, telecommunications, and sugar, but not for tourism within the Republic of Cuba.  Within the Republic of Cuba, Sherritt International Corporation has since made indirect investments in cellular telecommunications (US$38.250 million), indirect investments in tourism, and investments in power generation (for which a separate company was created and separate capital was raised).  In February 1997, Mr. DeLaney said that the CA$675 million would be fully invested within the Republic of Cuba in three years to five years. In February 1998, Mr. DeLaney said that the CA$675 million would be fully invested within the Republic of Cuba within two years. Reportedly, Sherritt International Corporation has approximately of US$360 million available from the 1996 convertible debenture offering.  The current 52-week range of Sherritt International Corporation shares on the Toronto Stock Exchange is approximately US$1.65 to US$4.60.  Individuals subject to United States law are prohibited by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury in Washington, D.C., from directly or indirectly controlling shares of Sherritt International Corporation.  The OFAC position is based upon a determination by the OFAC that Sherritt International Corporation has a clearly stated intention to direct a majority of its assets to commercial activities relating to the Republic of Cuba.  The OFAC does permit individuals subject to United States law to directly or indirectly control shares in, for example, Madrid, Spain-based Grupo Sol Melia, which owns, leases, manages, or franchises 252 properties in 25 countries, including the management and/or equity in 12 properties with a combined 4,198 rooms located within the Republic of Cuba.  In 1998, Grupo Sol Melia derived approximately 11.8 of its gross revenues from Republic of Cuba-related operations.  In 1998, the percentage of Grupo Sol Melia’s total assets located within the Republic of Cuba was less than 2%.  Approximately 16% of the publicly traded shares of Grupo Sol Melia are held by individuals subject to United States law.  The OFAC authorizes companies subject to United States law to have non-controlling investments in third country companies that have commercial activities within the Republic of Cuba provided that the investments do not result in control in fact of the third country company and provided that a majority of the revenues of the third country company are not produced from commercial activities within the Republic of Cuba. [OFAC 4 March 1994].

AIRLINES SERVICING CUBA- Approximately 60 air carriers currently provide passenger services to the Republic of Cuba.  Approximately 40 of the air carriers are charter operators. Regularly scheduled air carriers providing passenger services to the Republic of Cuba include: British Airways, Air France, Iberia, Aeroflot, Air Jamaica, ALM, Copa, Mexicana de Aviacion, TAP, LTU, AOM, Avianca, Aerolineas Argentinas, Aeropostal, and Martinair.

2,000 CASES OF CAMPARI SOLD IN CUBA IN 1998- Mr. Jean Philippe Hall of Monaco-based Campari International SAM, reported that 2,000 cases (12 bottles per case) of Campari were sold within the Republic of Cuba in 1998.

GOVERNMENT MOVES ON CORRUPTION- The government of the Republic of Cuba continued to engage in a relatively non-publicized, until now, focus on corruption that has, to date, led to the dismissal of an increasing number of Republic of Cuba nationals who had management responsibilities within the tourism sector, within the Free Trade Zones, within the U.S. Dollar retail stores, and within Republic of Cuba government-operated entities operating with U.S. Dollars. There are reports of senior-level officials and senior-level officers of some Republic of Cuba government ministries having being involved.  Some of the Republic of Cuba nationals were reportedly replaced for corruption, and/or for not preventing corruption among subordinates, and/or for not dealing harshly enough with discovered corruption.  Reportedly, Republic of Cuba nationals dismissed (and in some cases possibly detained and/or arrested) include the Director of the Valle de Berroa Free Trade Zone which is managed by Republic of Cuba government-operated Cimex S.A.; the Director of the Hotel Division of Republic of Cuba government-operated Cubanacan S.A.; managers of Republic of Cuba government-operated Rumbos S.A.; and warehouse managers of Republic of Cuba government-operated Cubalse S.A. Non-Republic of Cuba government-operated companies, including a travel agency and companies with operations within the Free Trade Zones, are also reportedly involved and may have been or may be sanctioned.

CENTRAL BANK ISSUES NEW LICENSING REGULATIONS- The Central Bank of the Republic of Cuba issued the following new regulations governing the licensing of Republic of Cuba government-operated financial institutions and non-Republic of Cuba government-operated financial institutions.  General License: To be issued only to Republic of Cuba government-operated financial institutions, the general license permits all financial operations in Pesos and in convertible currencies within the Republic of Cuba and outside of the Republic of Cuba.  Special License A: To be issued only to Republic of Cuba government-operated financial institutions, the special license A permits all financial operations in convertible currencies within the Republic of Cuba and outside of the Republic of Cuba.  Special License B: To be issued to Republic of Cuba financial institutions, special license B permits all financial operations in convertible currencies within Republic of Cuba Free Trade Zones and outside of the Republic of Cuba.  Specific License: To be issued to non-Republic of Cuba government-operated financial institutions, the specific license details in each case what the entity may do and where it may operate within the Republic of Cuba.  Representative License: To be issued to non-Republic of Cuba government-operated financial institutions, the representative license prohibits “normal” banking operations within the Republic of Cuba.  The representative license permits “representation of the interests” of a non-Republic of Cuba government-operated financial institution within the Republic of Cuba.

NAE SEEKS INCOME TAX CHANGES FOR THE SELF-EMPLOYED- The Republic of Cuba government-sponsored National Association of Economists (NAE) reported that income tax laws governing self-employed Republic of Cuba nationals should be changed to make them less confiscatory and to encourage compliance.  The NAE reported that the progressive income tax rate schedule of up to 35% on net income from sources other than from the government of the Republic of Cuba was fair, but that the ceiling of 10% on deductible costs was unfair and should be increased for each category of self-employed Republic of Cuba national.  The NAE said that requiring self-employed Republic of Cuba nationals to purchase supplies at Republic of Cuba government-operated U.S. Dollar retail stores added to the problem and that a solution would be to establish Republic of Cuba government-operated U.S. Dollar wholesale stores.  Republic of Cuba government-operated companies are already permitted to purchase products at wholesale prices.  The NAE also criticized the fixed monthly license fees charged to small private landlords, regardless if they had tenants throughout the year.  The NAE proposed that the fees be abolished and that only actual net income be subject to income tax.  The National Tax Office (NTO) of the Republic of Cuba reported there were currently 326,385 Republic of Cuba nationals and non-Republic of Cuba nationals residing in the country who were registered as earning income from sources other than from the government of the Republic of Cuba.  The NAE reported that for various unstated reasons only 187,785 of the 326,385 were required to pay any income tax at present, of which 130,000 were registered self-employed Republic of Cuba nationals and the remainder were artists, musicians, “intellectuals,” and non-republic of Cuba nationals.

INCOME TAX SYSTEM COVERS 19,915 BUSINESSES- The National Tax Office of the Republic of Cuba (NTO) reported that 19,915 entities within the Republic of Cuba filed income tax reports for 1998, although many, for example sugar cooperatives and businesses located in Free Trade Zones, paid little, if any, taxes.  The Republic of Cuba began to develop a comprehensive tax system in 1994, the previous income tax system having been abolished in 1967.  The NTO was established in 1995. The NTO reported that of the 2,443 Republic of Cuba government-operated companies that existed at the end of 1998, 66.8% were incorporated under the 1994 tax system, with the remainder expected to be incorporated into the income tax system by the end of 1999. The 2,443 Republic of Cuba government-operated companies group does not include Republic of Cuba government-operated Autonomous Societies (S.A. companies).

1999 WHEAT IMPORT UPDATE- The Republic of Cuba imported 51,660 tons of wheat from 1 May 1999 to 26 May 1999 from the port of Rouen, France.
 

Total Imports of Wheat (in tons)	Reporting Period
51,660	1 May 1999 to 26 May 1999
26,250	1 May 1999 to 12 May 1999
101,017	1 April 1999 to 30 April 1999
48,411	1 April 1999 to 21 April 1999
35,286	1 April 1999 to 14 April 1999
22,161	1 April 1999 to 7 April 1999
26,250	1 March 1999 to 31 March 1999
447,000	July 1998 to March 1999
256,000	July 1997 to March 1998

1999 RICE IMPORT UPDATE- The Republic of Cuba imported 14,000 tons of bagged rice from Vietnam at a reported price of US$36.00 FIO.  The government of Vietnam has an agreement to export (on a deferred payment basis) 100,000 tons of low grade rice to the Republic of Cuba during the months of June 1999 and July 1999.
 

Total Imports of Rice (in tons)	Reporting Period and Shipping Location
14,000	May 1999 (Vietnam)
10,000	27 April 1999 (Rouen, France)
53,158	March 1999 (China)
68,182	January 1999 to 31 March 1999 (China)

RICE PRODUCTION UPDATE- H.E. Alfredo Jordan, Minister of Agriculture of the Republic of Cuba, said Republic of Cuba government-operated farms would produce 170,000 tons of consumable rice in 1999, compared to 87,000 tons of consumable rice in 1998, 160,000 tons of consumable rice in 1997, and 140,000 tons of consumable rice in 1996.  Total rice production, including private farmers and cooperatives, was estimated at 329,900 tons in 1997 and 207,200 tons in 1998.  Republic of Cuba nationals consume more than 500,000 tons of rice on an annual basis, with the difference being imported.  The Republic of Cuba’s two most productive rice farms, the Fernando Echenique Agro-Industrial Complex in Granma Province and Los Palacios Agro Industrial Complex in Pinar del Rio Province reported they would each harvest approximately 50,000 tons of humid rice this spring, and at least similar amounts during the second harvest in the fall.  Yields after drying average between 60% and 70%, meaning that the two farms, which account for 70% of the rice produced by Republic of Cuba government-operated rice farms, would produce 120,000 tons of rice to 140,000 tons of rice in 1999.  There are nine rice farms grouped under the Republic of Cuba government-operated Union Nacional del Arroz (National Rice Union), the majority of whose 30,000 employees have been organized into quasi-autonomous Basic Units of Agricultural Production (UBPC).  The government of the Republic of Cuba began a rice production program in 1995 that was financed by non-Republic of Cuba-based banks and non-Republic of Cuba-based companies.  Financing agreements included interest payments a few points above the Libor interest rate, in addition to a percentage of any difference between the cost of Republic of Cuba-based rice production compared to the cost of rice imports.  The first rice production joint venture, with People’s Republic of China-based Xintian Corporation, was established in January 1999 with a goal of producing 25,000 tons of dried rice on an annual basis.  The Xintian Corporation reportedly provided US$12 million in capital to the joint venture, while the government of the Republic of Cuba provided more than 20,000 acres of land and some infrastructure.  Rice harvesters reportedly produced by Turin, Italy-based Fiat A.p.A., laser leveling technology, and other farming techniques and drying technologies are being introduced at Republic of Cuba government-operated rice farms.

MARCH 1999 UNITED STATES EXPORTS TO CUBA- The Foreign Trade Division of the United States Bureau of the Census of the United States Department of Commerce in Washington, D.C., reported that the value of United States exports (defined as products exiting the borders of the United States whether sold or donated) to the Republic of Cuba in March 1999 was US$158,553.00. The reported values are on an F.A.S. (Free Along Side Ship) basis- the cost of freight is excluded:
 
 

HS Code	Description	District	March 1999 Value   In US$	Year-To-Date   Value in US$
1302310000	AGAR-AGAR	Miami, FL	3,730.00	3,730.00
3926909810	Laboratory Ware	Miami, FL	8,226.00	8,226.00
8703240075	Pass Veh, Spark Ign, NESOI, NEW, 3000 cc & 6 cylinder	Miami, FL		24,000.00
9802300000	All Wearing Apparel, Donated For Relief/Charity	Miami, FL	3,246.00	91,814.00
9802400000	Articles Donated For Relief Or Charity, NESOI (Not Elsewhere Specified Or Indicated)	Miami, FL	140,806.00	530,509.00
9809005000	Shipments Under US$20,001.00, Not Identified By Kind	Miami, FL	2,545.00	2,545.00
TOTAL US$			US$158,553.00	US$660,824.00

 
MONTHLY FOOD PRICE CHECK- The following is the monthly free-market price check for the cities of Havana, Camaguey, and Santiago de Cuba, 500 kilometers and 850 Kilometers east of Havana, respectively.  This Monthly Food Price Check compares end of May 1998 prices with end of May 1999 prices.  Prices for rice, beans, roots, and bananas increased, especially in Santiago de Cuba where a rice shortage, due to the contamination of 24,000 tons of the grain, lead to substantial increase in some prices.  The average monthly wage is 217 Pesos (versus 214 Pesos in 1998 and 203 Pesos in 1997).  In July 1998, the Ministry of Finances and Prices of the Republic of Cuba reported that 1,100,000 Republic of Cuba nationals (out of a workforce of approximately 4,500,000), or 24%, were receiving U.S. Dollar or U.S. Dollar-related bonuses equal to 1 to 7 times their monthly wage. Various senior-level Republic of Cuba government officials continue to confirm, however, that more than 1,400,000 workers (out of a workforce approximately of 4,500,000), or 31%, receive U.S. Dollar or U.S. Dollar-related bonuses equal to 1 to 7 times their monthly wage. [In July 1997, approximately 1,300,000 workers (out of a then reported workforce of approximately 4,200,000), or 30% received U.S. Dollar or U.S. Dollar-related bonuses equal to 1 to 7 times their monthly wage].  An estimated 35% of Republic of Cuba nationals have access to U.S. Dollars, although the percentage with access to U.S. Dollars is highest in Havana, where approximately 20% of the island’s 11 million citizens reside.  The government of the Republic of Cuba reports that approximately 56% of Republic of Cuba nationals have access to United States Dollars.  All Cubans receive a limited subsidized monthly food ration (which generally does not cover needs for one month), free health care and education, and pay no more than 10% of their wage for housing.  Workers, with the exception of the self-employed all receive various forms of social security coverage.  KEY: LB- per pound.  U- Per unit.  ( )- May 1998 price.  NA- not available. SSB-soda-sized bottle.  S- Soft.  H- Hard.  B- Bunch.  All prices are in Cuban Pesos.
 

Food Product	Havana	Camaguey	Santiago de Cuba
Rice (LB)	6 (4-5)	4.5-5 (3.5)	10-12 (5)
Black Beans (LB)	7-8 (8)	8 (6)	12 (7)
Pork (LB)	25 (25)	16 (16)	15 (16-17)
Cooking Fat (LB)	15 (15)	16 (17)	16 (13-14)
Lamb (LB)	25 (25)	14 (13)	14 (14-15)
Ham (LB) boned	35 (50)	29 (30)	NA (NA)
Garlic (U)	1-2 (.80-1)	.50-1 (1)	1-1.2 (1)
Onion (LB)	4-5 (4-5)	2 (2.5)	2.5 (3)
Tomato (LB)	6-8 (4-6)	4-5 (NA)	5 (3-4)
Lettuce (B)	5-6 (3-4)	2 (3) small	2 (1) small
Cabbage (U)	5 (3-4)	NA (NA)	NA (NA)
Cucumber (LB)	2 (2-2.5)	3 (1)	1.5 (1.5)
Carrots (LB)	4 (3-4)	1.5 (1.5)	2 (2)
Malanga (LB)	4-5 (3-4)	3 (3)	5 (3)
Yucca (LB)	1.5 (1.5-2)	1 (1)	1.3 (1)
Sweet Potato (LB)	1.5 (1.2)	1 (1.2)	2 (1-1.2)
Squash (LB)	2 (2)	2 (1)	1.5 (1)
Tomato Sauce (BSB)	12 (10)	8 (8)	8 (10)
Limes (U)	.50-1 (.50-1)	.10 (.50)	.10 (.13)
Oranges (U)	.50-1 (.50-1)	.15 (.25-.3)	.25 (.33)
Tangerines (U)	NA (NA)	NA (NA)	.25 (.25)
Grapefruit (U)	NA (NA)	NA (NA)	NA (NA)
Pineapple (U)	5-20 (8-15)	4-6 (5)	7-15 (8-10)
Papaya (LB)	4 (3)	1.5 (1.2)	1 (1)
Banana (U) Fruit	.50-1 (.50-1)	.60 (.30-.40)	.50 (.50)
Banana (U) Soft Cooking	2-4 (1.5-3)	1.5-2 (1-1.2)	2-3 (1.5-2)
Banana (U) Hard Cooking	.50-1 (.50-1)	.25 (.25)	.33 (.20)
String Beans (B)	5 (4)	3 (3)	2 (2)
Peanuts (LB)	NA (9)	10 (8)	10 (9)
Corn Meal (LB)	5 (3)	3 (3.6)	4 (3)

 
 

13 July 1999 to 14 July 1999- Mr. John S. Kavulich II, President of the U.S.-Cuba Trade and Economic Council, will be speaking in Toronto, Canada, on the subject of “Accessing International Financing and the Current and Future Role of United States Investors” at the Cuba Business Roundtable sponsored by New York City, New York, office of London, United Kingdom-based The Economist Conferences.  The Cuba Business Roundtable will be held at the Four Seasons Hotel in Toronto.  For additional information about the conference, contact telephone: (212) 554-0659, facsimile telephone (212) 698-9732, E-mail: cateambrose@eiu.com, Internet: http://www.eiu.com

15 July 1999- Mr. John S. Kavulich II, President of the U.S.-Cuba Trade and Economic Council, will be speaking in Washington, D.C., on the subject of “Cuba: Production, Consumption, and Imports of Food and Agricultural Products” at the annual Attaché Seminar at the Marriott Hotel at Metro Center sponsored by the Washington, D.C.-based U.S. Agricultural Export Development Council.  The annual Attaché Seminar is attended by approximately 300 individuals.  For additional information about the Attaché Seminar, contact telephone: (202) 887-8992, facsimile telephone (202) 887-8993, E-mail: usaedc@msn.com