14-00000 LASDDPICATIOR : PROCESSING “DISPATCH | _stenet ae Chief, WH XK [no muering equine *d GAL? GIRLIE EA ARTERS GASH fsa PiTAd INDE IKG ACTION REQUIRED: For use as Headquarters determines REFERENCES: A. = WAVE~5942 « B, DIR~45158 . i . . 1. We forward by separate cover the article described in the references, It is the first item in the AMSCROLL economic report which can and should be attributed ‘to AMSCROLL research, It may be of. interest to record that the first.paragraph of this item was developed from 0/27839-65 of 17 September as authorized by reference B. ' The second paragraph was developed from a lead obtained from 0/27842-65 of 22 September which scent us te two publications by Merrill Lynch, Pierce, Fenner and Smith. The last sentence of paragraph 3 was developed from information in the Wall Street Journal of 22 and 28 September. . . 2. The Station of course will be interested in any replay generated by Hoadquarters via AMPATRIN-1 or other asset. . . Pan £ | ee fen Philip G. ELMARD MICROFILMED OCT 2 61955 O93. er CRO. BERR, cae ia ia fet tie/: “ig é f Attachment: 1 bof Woe rs AMSCROLL Economic Intel Report, usc( ost 4) “79-(20- 26 rz pa : oe auras Wi te DATE TYPED “DATE GA rato 65 Distribution: ee 7 Oct S-WH/C, w/att ad usc + cross REFERENCE TO “ss eee ueeee OSSPATCS¢ BYMECL AND NUMBER Ly 'D t0¢~120-5% oreasue | HEADQUARTERS FE MUMEER SECR £5, (0 LOM eee. . ry 19-132-49/3 OM Feet
14-00000 Power) be Aint e 2.—- Free vorld Shipving drons 51%.- Twenty Western vessels called on Red Cuban ports be during the past month of August. The trend continues downward; the August 1963 te ts tal was 24, and the one for August 1964 was 41, which means a decrease of 51%, when ¥ August 1965 (20 vessels) is compared to August 1964. z, Great Britain led the "maritime fifth columnists" with 1] vessels, followed by Lebe B anon, Greece, France, and Italy with 2 vessels each, and Cyprus with one. * Already 852 vessels are being kept out of the Red Cuba trade by its owners or opera 5} Ox#/ tors. The most recent example is "Rederiakt 4 Ragiatect Saly" of Marichamm, Finland, : . gS blet 19 -13.0- 26 | ~~. USC Att. UFGA-23449 te — _o@ 7 Oct 65 ‘ a 8 e ; . OFFICE: te 3.€. 9 $e,- economic intelligence report = ."*F2*., FROM THE U.R. FCONOMIC RESEARCH BUREAU yy iene Plevide MOVIMIENTO UNIDAD REVOLUCIONARIA (U.R.) <4 p 333. 8033 VOL, IIb. & l.= Cuba continues desperate attempts sel) sugar.- The Cuban sugar monopoly, CUBA= cUCAR, on September 6 concluded a sale of 5,000 tons of raw sucar for October 1965 delivery to the Iranian sugar organization. The origin of this sugar was hidden in that it was declared to have originated in the Caribbcan, including Peru, excluding Brasil. Market reports were.correct in stating that the country of origin was in = fact Cuba. The price agreed to was 18 pounds sterling per ton (C-and Fy less § = shillings per ton to cover the expenses of the tender. This deal was engineered by Restzucker of Dortmund, an organization also gelling Cuban sugar to Jordan and which wishes to keep its name out of these sales. Another interesting development in Cuba's sugar selling activities during the month of September was quoting sugar for future delivery at or under the Lendon spot <- = price on the day the offer was made. In other words, Cuba is offering sugar under the world market value. : IGROFILMED oct 2 0196 cc. micro. SER Example of this were: Selling 5° Price . Per Ton Market Country. Date of Ssle . Amount (in Sterling) Price Delivery Iraqg/Ceylon Sept 9 10,000 16 22,50 Nov '65 Jordan Sent 11 3,000 15-15-0 22.95 Nov Scandinavia Sept 7 10,000 18-2-0 24 Jan '66 Scandinavia : Sept 13 2,500 18 21.10 Oct Sweden Sept 9 10,000 16-16-0 22.59 Dee Switzerland Sept 9 “10,000 18-10-90 2h Jan '66 United Kingdom “- 10,000 - 18-15-0 21.55 Sept It is difficult to explain this curious behavior in terms other than Cuba's desper~ ate need for foreign exchangs. These sales at these prices can only result ina = net. loss to Guba due to Cuba's inefficient sugar production. This less will be com pounded should the present upward trend of world sugar futures continue (the New - York price for world sugar on Caribbean port basis has gone from 01.60 on September 1 to ¥2.10 on September 27). UFCA 337449 ad ‘ RACER ii EEN peel aeons Hen they be cinein ee anne ejureuamadanomt oe. ‘ eee Eos tA rer epiiRntariby Hinde a uk