USDA & USTR Say China Has Met 71% of 2020 Phase One Ag Purchase Target

On October 23rd, the Office of the United States Trade Representative (USTR) and the United States Department of Agriculture (USDA) released an Interim Report on the Economic and Trade Agreement between the United States of America and the People’s Republic of China. The report states, “Using the best methodology, we have calculated that China has purchased approximately 71 percent of its target for 2020. They have purchased $23.6 billion in agricultural products so far this year. This is substantially more than the base year of 2017, and should end up being our best year ever in sales to China. It is still to be seen whether they meet their target but particularly given the COVID-19 effects on the global economy they are making substantial progress. It is worth noting that the Phase One Agreement did not go into effect until February 14, 2020, and March is the first full month of its effect. That means that we have seen seven months of agreement sales.” See full report below.

Report here.

More Advocacy Issues

On November 22nd, NOAA reported the outlook for the temperature and precipitation probabilities for November 30th – December 6th. The maps are shown below. NOAA predicts temperatures to be below normal in the Southeastern part of the country but normal or above normal in cotton states such as Texas and California. In addition, NOAA forecasts […]

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This week, ACSA commented in support of the Yazoo Backwater Project, which would address flood control in South Mississippi. ACSA particularly endorsed the supportive comments offered by the Mississippi Levee Board and the persistent advocacy provide for this project by the Delta Council. Click Here

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Biden-Harris Transition Teams

November 11th, 2020

This week, Biden named the volunteers who will serve on the transition teams. Please see the link below for a list of the individuals. Click Here

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Please see the link below for details regarding the expected leadership positions for the 117th Congress. Click Here

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China Policy and Market Update

November 2nd, 2020

In September, China imported 965,915 bales (210,303 MT) of cotton, representing an increase of 48.26% month-on-month (m/m), and an increase of 152.52% year-on-year (y/y). The U.S. was ranked as the largest cotton supplier to China, followed by Australia and Brazil. Entering October, China’s textile industry operation is experiencing major recovery with more orders and increased […]

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H.R. 6210 here. Summary of the key provisions here.

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