Dominican Republic: Sugar Semi-annual
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For Marketing Year October 2019 / September 2020 (MY 2019/20), Post forecasts overall production to increase to 565,000 metric tons (MT) due to favorable weather conditions. During MY 2018/19, total sugar production reached 545,515 MT, an 11 percent decrease from MY 2017/18 due to a severe drought that affected agricultural yields. For MY 2019/20, Post forecasts exports of raw cane sugar at 185,000 MT. Since the United States is currently the only major export market for Dominican Republic (DR) sugar, this volume is similar to the DR’s country allocation for the U.S. tariff-rate quota (TRQ) for Fiscal Year 2020 (FY 2020). During MY 2019/20, Post forecasts imports will slightly increase to 20,000 MT to offset lower stock levels from the previous MY.