Statement on Change to Definition of ‘Agricultural Products’ in Reporting Trade Data

[Newsbot]

WASHINGTON, Feb. 19, 2021 — USDA and the Department of Commerce decided in December 2020 to change the way they define “agricultural products” when reporting international trade data. Beginning with the release of the January 2021 monthly trade data on March 5, USDA will adopt the World Trade Organization’s (WTO) internationally recognized definition of “agricultural products,” which includes ethanol, distilled spirits and manufactured tobacco products, three product groups not included in the current USDA definition.

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[Birdie]

That's good to know. Actually, I guess I'm more surprised that those three things weren't included earlier. That's especially true about tobacco. I will be watching to see how this affects the industry as a whole.