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Venezuela is a significant importer of agricultural products totaling $8.3 billion in 2014, according to data from the Government of the Bolivarian Republic of Venezuela (GBRV).
This report details the steps which US exporters must navigate in order to successfully place their product in the Dominican market.
Despite legislation limiting importation of genetically modified raw materials, the regulatory framework to implement that legislation never been finalized.
Continued interest expressed by farmers and agricultural scientists to improve agricultural output via biotechnology has not resulted in a legal framework for either testing or commercializing...
Post expects wheat, corn and rice imports to be tight due to the lack of availability of foreign exchange.
With over $1.3 billion in U.S. agricultural products exports to the DR, the country represents the sixth largest market for U.S. agricultural products in Latin America.
Dominican imports of dairy products exhibited strong across-the-board growth in 2014.
The Dominican Republic is now the fifth largest market for U.S. consumer oriented products in the Western Hemisphere with exports reaching $485 million in 2014.
Coffee production in MY 2014/15 is expected to decline by 30 percent compared to MY 2013/14, the largest year-to-year reduction and lowest production level in at least the past 15 years...
The Venezuelan sugar industry expects domestic sugar production to drop in MY 2015/2016, constrained by price controls and limited foreign exchange to import raw sugar.
During Marketing Year 2014/2015 (MY 2014/15) Post projects overall sugar production of 540,000 Metric Tons (MT), down from 561,324 MT produced during MY 2013/14.
Wheat consumption in the Dominican Republic during MY 2015/16 is forecast at 390,000 MT, with imports remaining strong at 520,000 MT.