WASDE Report (July 12, 2021)

SUGAR: High-tier tariff sugar imports for 2019/20 and 2020/21 have been corrected due to a discovery of errors in the labelling of data maintained by the U.S. Bureau of the Census (CENSUS). The CENSUS data, which USDA uses to identify high-tier tariff imports, were correct through the month of June 2020 but have been incorrect since July 2020. With the assistance of USDA, CENSUS staff have identified the problem and are in the process of correcting the data. Revised import estimates will be published as soon as practicable. In the meantime, USDA is using nonpublic estimates of high-tier tariff imports as compiled by U.S. Customs and Border Protection in their ACE database. These data since July 2020 through May 2021 will be published by FAS shortly after the release of the July 2021 WASDE. Sweetener Market Data (SMD) for imports and deliveries by non-reporters are revised for both 2019/20 and 2020/21. Imports for 2019/20 are decreased by 92,042 short tons, raw value (STRV) to 4.143 million. Deliveries for human consumption for 2019/20 are reduced by the same amount to 12.224 million STRV. Although there is no change to SMD survey-based ending stocks, the ending stocks-to-use ratio for 2019/20 is increased by 0.1 percentage points to 13.0 percent because of lower use.