December Report from Yuan and Associates

  • December report from Yuan and Associates including 2019 YTD.
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  • In December, Madam Gao Fang was promoted to President of China Cotton Association. 
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  • We have recently been in contact with by the Cotton Quality Supervision Division of State Administration of Market Regulation (SAMR) of China.  The Cotton Division is a newly established division after China’s government reshuffle in 2018. Their focus is on domestic cotton quality supervision, while the Department of Commodity Inspection of GACC remains in charge of the import inspection of cotton. Although they are not directly involved in imported cotton quality control, China’s future policy is to adapt same quality requirements and standards for both domestic and imported cotton, therefore, they are keen to learn the advanced experiences from the US cotton industry. One direct link with the imported cotton is that the division is responsible for the measures and guiding the government-run testing for the cotton to be put into the national reserves.

According to Yuan and Associates, we believe they are “nice-to-have” government allies for the US cotton in the long run. Sharing our experiences and expertise in cotton quality control framework and policies will enable the US cotton industry to have more influence if/when the division reviews and updates domestic requirements.

They will be sending a 2-4-person delegation led by their Director General to the 2020 ACSA Convention.  As we get closer, we will build specific time and agenda for the ACSA Board of Directors to engage with them.

More Advocacy Issues

On day one of his presidency, President Joe Biden signed executive actions to deliver relief for families across America amid converging crises. Below, you will find a fact sheet of the actions President Biden took to address the COVID-19 pandemic, provide economic relief, tackle climate change, and advance racial equity. On the second day in […]

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Please click below for details regarding the effective date and compliance dates for the U.S. Commodity Futures Trading Commission’s final rule, Position Limits for Derivatives. Provided by: Delta Strategy Group. More Here.

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The American Cotton Shippers would like to thank USDA’s Farm Service Agency for extending the marketing assistance loans (MALs) for non-recourse loans from 9 to 12 months. See notice below. More Here

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