Dominican sugar production to top 520,000 tons, as expected

The head of Dominican Republic’s Sugar Institute (INAZUCAR) said a production of 520,000 tons of sugar is expected this year, which is similar to what’s been the country’s annual output in the last five years.

Faustino Jiménez said the private mills produce 70% of the sugar, whereas the State-owned facilities process the remaining 30%. “It’s the private sector which is producing the largest number of tons of sugar and an example of that is that Central Romana Corporation produces 70%, followed by the mill Cristóbal Colon with 15% and the mill at Barahona, which was State-owned until it was transferred to the private sector in 2009.”

He said the sugar industry is now better than ever, since international prices and production are doing well and are because of the foreign markets which has to be supplied, but regretted that the country doesn’t produce more in these times of bonanza.

He noted that two years ago the country was included in the European Union-Cariforum and Dominican Republic Economic Association, in addition to its presence in the United States market.

source: dominicantoday