Dominican Republic: Sugar Annual
With sugar production zones recovering from the drought that affected the country in the past year, Post forecasts sugar production of 580,000 metric tons (MT) during Marketing Year (MY) 2020/2021 (October/September). During MY 2019/20, Post estimates sugar production of 565,000 MT, a significant increase from the 545,515 MT produced during MY 2018/19, as a return to normal rainfall patterns continue to increase yields in the Dominican production zones. Additionally, for MY 2020/21, Post projects exports to remain stable at 185,000 MT. The total amount of exports is expected to fill the U.S. annual sugar tariff-rate quota (TRQ) due to price premiums in the U.S. market.