ADM Sells Soy Oil To Cuba; First Purchase Of Soy Oil By Cuba Since 2010

Chicago, Illinois-based ADM, which was the first United States-based company to sign a contract and to export an agricultural commodity (corn in December 2001 valued at US$2,327,201.00) to the Republic of Cuba under provisions of the Trade Sanctions Reform & Export Enhancement Act (TSREEA) of 2000, sold 7,600 metric tons of soy oil in June 2016 to Republic of Cuba government-operated Empresa Cubana Importadora Alimentos (Alimport), under the auspice of the Ministry of Foreign Trade of Cuba (MINCEX). 

This is the first export of soy oil from the United States to the Republic of Cuba since 2010.