Dominican Republic: Sugar Annual
Post forecast overall sugar production of 530,000 Metric Tons (MT) during Marketing Year (MY) 2017/2018 (October/September). During MY 2016/17, Post projects sugar production of 520,000 MT, a significant increase from the 378,871 MT produced during MY 2015/16. Additionally, for MY 2017/18, Post projects exports to reach 200,000 MT and imports at 60,000 MT, based on expected return to normal rainfall patterns and a rebound in production yields. Finally, the Dominican Republic is estimated to fill the U.S. annual sugar tariff-rate quota (TRQ) for FY 2017 due to price premiums in the U.S. market.
