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Due to the impact of the recent flooding, the 2022/23 rice production forecast is lowered to 8.3 million tons. With a slow-down in exports during July and August, plus the recent flooding causing a pause in export activities, marketing year 2021/22 rice exports are lowered to 4.5 million tons.
The Dominican Republic (DR) achieved a record year for rice production in calendar year 2021 (CY 2021) of 654,156 metric tons (MT) and CY 2022 is showing similar results with estimated production of 658,000 MT. The COVID-19 pandemic did not have a significant impact on production and consumption of rice; meanwhile, local retail prices have slightly risen. As of July 2022, the milled rice tariff rate quota (TRQ) has reached a 72 percent usage rate and is on track to exceed 100 percent.
The 2022/23 harvested area estimate is reduced significantly due to the recent flooding in key production areas of Sindh and southern Punjab. As a result, the 2022/23 production forecast is lowered 19.4 percent to 5 million bales. To replace the expected decline in domestic output, the 2022/23 import forecast is increased to 5.8 million bales.