Dominican Republic: Sugar Semi-annual

For Marketing Year October 2022/September 2023 (MY 2022/23), Post forecasts overall sugar production in the Dominican Republic (DR) to increase to 630,000 metric tons (MT) due to favorable weather conditions. During MY 2021/22, total sugar production reached 625,391 MT, a 2 percent increase from MY 2020/21 due to favorable rainfall patterns that improved agricultural yields. For MY 2022/23, Post forecasts exports of raw cane sugar at 190,000 MT. Since the United States is currently the only major export market for DR sugar, this volume nearly satisfies the DR’s country allocation for the U.S. tariff-rate quota (TRQ) for fiscal year 2023 (FY 2023). During MY 2022/23, Post forecasts imports to remain stable at 15,000 MT, comprised mainly of refined sugar. Preliminary reports indicate that Hurricane Fiona did not have a significant impact over sugarcane production zones.