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Post forecasts sugar production of 600,000 metric tons (MT) during Marketing Year (MY) 2018/2019 (October/September).
For Marketing Year 2017/2018 (MY17/18), Post forecasts overall production to be higher than MY16/17, at 590,000 MT due to favorable weather conditions.
The Dominican Republic is the fifth largest market for U.S. consumer oriented products in the Western Hemisphere, after Canada, Mexico, Colombia and Chile, with exports reaching $451 million in 2015.
The Dominican Republic is the third largest market for US consumer oriented agricultural products in the Western Hemisphere, after Canada and Mexico respectively, with $489 million in imports in 2013.
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.
During Marketing Year 2013/2014 (MY 13/14), sugar production reached 561,324 Metric Tons (MT) and Post estimates overall production of nearly 580,000 MT during MY 14/15. For MY 13/14, exports of raw cane sugar will total approximately 220,000 MT...