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MY2020/21 rice production is forecast to recover to 1.7 million metric tons after several years of below average production due to adverse weather conditions.
Salvadoran restaurants and hotels continue to benefit from growth in the tourism sector, especially the business/convention and emerging surf sectors.
During 2019, the Salvadoran retail sector, valued at approximately $4.5 billion, continues to show positive signs of growth as supermarkets and discount stores have expanded operations.
MY2018/19 production is forecast to decline to 1.47 million metric tons down 18 percent due to flooding damage.