Dominican Republic: Sugar Annual
As a severe drought looms large over the sugar mill areas in the Dominican Republic (DR) and the U.S. Customs and Border Protection (CBP) continues to prohibit sugar and sugar-based imports from the top Dominican producer, Post forecasts local production at 530,000 metric tons (MT) for marketing year (MY) 2023/24 (October/September), 12 percent down from the MY 2022/23 estimates. Despite lower sugar production projections, Dominican authorities have pledged to meet both local demand and its allocated U.S. sugar quota. Post believes that the DR will not be able to supply any of the additional allocation recently announced by the U.S. Office of the Trade Representative (USTR).
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