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The Dominican Republic (DR) achieved a record year for rice production in calendar year 2021 (CY 2021) of 654,156 metric tons (MT) and CY 2022 is showing similar results with estimated production of 658,000 MT. The COVID-19 pandemic did not have a significant impact on production and consumption of rice; meanwhile, local retail prices have slightly risen. As of July 2022, the milled rice tariff rate quota (TRQ) has reached a 72 percent usage rate and is on track to exceed 100 percent.
This report details the steps which US exporters must navigate in order to successfully place their product in the Dominican market.
Despite legislation limiting importation of genetically modified raw materials, the regulatory framework to implement that legislation never been finalized.
With over $1.3 billion in U.S. agricultural products exports to the DR, the country represents the sixth largest market for U.S. agricultural products in Latin America.
Dominican imports of dairy products exhibited strong across-the-board growth in 2014.
The Dominican Republic is now the fifth largest market for U.S. consumer oriented products in the Western Hemisphere with exports reaching $485 million in 2014.
Wheat consumption in the Dominican Republic during MY 2015/16 is forecast at 390,000 MT, with imports remaining strong at 520,000 MT.
During Marketing Year 2014/2015 (MY 2014/15) Post projects overall sugar production of 540,000 Metric Tons (MT), down from 561,324 MT produced during MY 2013/14.
The Dominican Government (GoDR) has implemented policies to foster the production and stability of the rice market.
Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.