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With sugar production zones recovering from the drought that affected the country in the past years, Post forecasts an increase in sugar production to 610,000 metric tons (MT) during Marketing Year (MY) 2021/2022 (October/September).
Wheat consumption in the Dominican Republic (DR) during Marketing Year (MY) 2021/2022 (July 2021/ June 2022) is forecast at 455,000 metric tons (MT), with imports at 590,000 MT.
As of September 2020, the Dominican Republic’s food processing industry was valued at $2.5 billion, with an additional $0.7 billion for processed beverages and other products during the same period.
For Marketing Year October 2018/ September 2019 (MY2018/19), Post forecasts overall production to be lower than MY2017/18, at 560,000 MT, due to unfavorable weather conditions.