WASDE Report (June 10, 2021)

SUGAR: U.S. sugar supplies for 2020/21 are decreased by 50,000 short tons, raw value (STRV) on lower re-export imports. Re-export imports for 2020/21 are estimated at 250,000 STRV and are lowered on the basis of the pace to date. There are no other changes, implying that beginning stocks for 2021/22 are lower by the 50,000-STRV amount. There are no other changes to supply or use for 2021/22. With no announcement on the 2021/22 U.S. additional specialty TRQ, total TRQ imports are still at minimum levels consistent with WTO and FTA bindings. Ending stocks for 2021/22 are projected at 1.452 million for an ending stocks-to-use ratio of 11.84 percent.