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For Marketing Year October 2019 / September 2020 (MY 2019/20), Post forecasts overall production to increase to 565,000 metric tons (MT) due to favorable weather conditions.
With U.S. consumer-oriented product exports reaching a record $569 million in 2018, the Dominican Republic represents the fifth-largest market for such products in Latin America.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
Wheat consumption in the Dominican Republic during Market Year 2016/2017 (MY 2016/17) is forecast at 405,000 Metric Tons (MT), with imports remaining strong at 530,000 MT.