Dominican Republic: Sugar Annual
Post forecasts sugar production of 600,000 metric tons (MT) during Marketing Year (MY) 2018/2019 (October/September). During MY 2017/18, Post projects sugar production of 595,000 MT, a marked recovery from the 542,122 MT produced during the severe drought of MY 2016/17. Additionally, for MY 2018/19, Post projects exports to reach 200,000 MT and imports at 15,000 MT to meet the demand from the United States and China. Over 90 percent of these exports are expected to fill the U.S. annual sugar tariff-rate quota (TRQ) for FY 2018 due to price premiums in the U.S. market.