Dominican Republic: Sugar Annual
Due to expected continuing effects of the current drought, Post forecasts sugar production of 530,000 metric tons (MT) during Marketing Year (MY) 2019/20 (October/September). During MY 2018/19, Post projects sugar production of 560,000 MT, a significant decline from the 615,974 MT produced during MY 2017/18, as the current drought is resulting in lower yields in the production zones. Additionally, for MY 2019/20, Post projects exports to remain stable at 185,000 MT and imports to rise to 30,000 MT in order to meet the demand from the United States. The total amount of exports are expected to fill the U.S. annual sugar tariff-rate quota (TRQ) for FY 2019 due to price premiums in the U.S. market.