China Policy and Market Update

In August, China imported 651,522 bales (141,852 MT) of cotton, representing a decrease of 4% m/m, and an increase of 54% y/y.  Imports from U.S. included 470,857 bales (102,517 MT), representing an increase of 5% m/m, and an increase of 543% y/y, accounted for 72% of the total. In 2020, Chinese cotton imports totaled 5,458,448 bales (1,188,437 MT) with a decrease of 17% y/y. U.S. cotton was ranked as the largest supplier with a total 2,266,329 bales (493,435 MT), accounting for 42% of total imports. The report (below) also provides information on other topics such as textile and apparel exports, the tensions between U.S. and China, and more.

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More Advocacy Issues

On September 14th, the House Ways and Means Committee held a hearing titled, “The Future of U.S.-Taiwan Trade.” There were four witnesses, including Texas Farm Bureau President Russell Boening. Summary here.

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ACSA would like to thank Betsy Olim, host of Export Stories Podcast, for dedicating an episode on cotton. The episode focuses on current challenges faced by the cotton industry and ACSA’s advocacy efforts to increase efficiency and security for our supply chain.  Podcast here.

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On August 3rd, Chairwoman of the Senate Agriculture Committee Debbie Stabenow (D-MI) and Ranking Member John Boozman (R-AR) along with Senators Cory Booker (D-NJ) and John Thune (R-SD) introduced the Digital Commodities Consumer Protection Act of 2022 to give the Commodity Futures Trading Commission new tools and authorities to regulate digital commodities.  Summary here.

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On June 20th, the House Agriculture Committee Subcommittee on General Farm Commodities and Risk Management held a hearing entitled “A 2022 Review of the Farm Bill: Stakeholder Perspectives on Title XI Crop Insurance.”  Summary here.

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On June 17th, the Senate Agriculture Committee held a hearing in Committee Ranking Member John Boozman’s home state of Arkansas entitled, “2023 Farm Bill: Perspectives from the Natural State.” ACSA would like to thank American Cotton Producers (ACP) Chairman Nathan Reed for sharing his perspectives on important topics going into the next Farm Bill, including […]

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House Ag Discusses Climate

June 15th, 2022

On June 15th, the House Agriculture Committee held a hearing entitled “The Role of Climate Research in Supporting Ag Resiliency.” Please see link below for key takeaways provided by Delta Strategy Group. Takeaways here.

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