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

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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On January 7th, ACSA along with other groups within an agricultural transportation working group wrote a letter to President-elect Joe Biden and the transition team requesting their support in advancing transportation infrastructure and policies to enhance the efficiency and cost-effectiveness of transporting agricultural products. Letter Here

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