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FAS-Astana forecasts no significant change to wheat and barley planted area for marketing year (MY) 2022/2023. After production declined due to hot and dry weather last MY, wheat production in MY 2022/2023 rebounded to an estimated 14.5 million metric tons (MMT).
Although exports of poultry to the Dominican Republic are on pace to set historic records in 2022, the United States continues to lose export market share from Brazil. As of June, 2022, the United States has accounted for 56 percent (22,074 MT) of total poultry exports to the DR (64,392 MT); Brazil has accounted for 44 percent (17,429 MT) of those exports after only accounting for 25 percent in 2021 and 0 percent in 2020 and prior.
For Marketing Year October 2022/September 2023 (MY 2022/23), Post forecasts overall sugar production in the Dominican Republic (DR) to increase to 630,000 metric tons (MT) due to favorable weather conditions. During MY 2021/22, total sugar production reached 625,391 MT, a 2 percent increase from MY 2020/21 due to favorable rainfall patterns that improved agricultural yields.
For 2022, robust tourism demand will be a key driver for economic growth in the Dominican Republic (DR). The World Tourism Organization recognized the Caribbean nation as its top-ranked country after its rapid recovery in tourism following the COVID-19 pandemic.