On January 5th, ACSA President/CEO Buddy Allen presented at 2022 Beltwide Cotton Conference on the logistical challenges that the cotton industry is currently facing. Mr. Allen presented on the current realities of the supply chain but provided encouraging comments about still achieving the USDA projected export number. He stated, “We do believe we’re going to get there, but it’s going to take a big shift in shipments going forward to meet our export goals.” Delta FarmPress’s Ginger Rowsey discussed the presentation in her January 19th article.
Category: News
News from the American Cotton Shippers Association
ACSA Discusses the Current Shipping Challenges for Ag Exports
On January 6th, ACSA President/CEO Buddy Allen and ACSA’s Transportation, Documentation, and Insurance Committee Chairman Michael Symonanis discussed the challenges faced by all links in the cotton supply chain. The article states, “The cotton export industry is primed for growth, and the logistics industry must solve the current supply chain challenges in preparation for volumes expected to exceed historical highs.”
China’s 2021 Central Economic Work Conference
From December 8th through December 10th, China held its 2021 Central Economic Work conference in Beijing. See the link below for more details on the topics highlighted in the conference.
Chairman Scott Writes Letter to Secretary Vilsack Requesting COVID-19 Relief of Cotton Merchandisers
Today, House Agriculture Committee Chairman David Scott (D-GA) wrote a letter to the U.S. Department of Agriculture Secretary Tom Vilsack requesting a portion of USDA funding be allocated to help merchandisers of U.S. cotton. The American Cotton Shippers Association is very grateful for Chairman Scott’s continued support in our efforts to provide COVID-19 relief to our members.
CFTC GMAC Meeting
Yesterday, the U.S. Commodity Futures Trading Commission held a meeting of its Global Markets Advisory Committee to hear presentations and provide dialogue on U.S. Treasury market issues. Conversations focused on recent stresses in markets and market reforms to prevent future stresses.
ACSA Supports Rostin Behman for CFTC Chairman
On October 25th, ACSA along with 18 other agricultural associations wrote a letter to Senator Debbie Stabenow, Chairwoman of the Senate Agriculture, Nutrition, and Forestry Committee and Senator John Boozman, Ranking Member of the Senate Agriculture, Nutrition, and Forestry Committee, expressing our support for Rostin Behman to be Chairman of the Commodity Futures Trading Commission.
William H. “Buddy” Allen Elected as CICCA Chairman
Following the votes from all Committee for International Co-operation Between Cotton Associations (CICCA) members, William H. “Buddy” Allen, ACSA President/CEO, was elected as CICCA Chairman and Atif Dada, Karachi Cotton Association President, was elected Vice Chairman. Buddy looks forward to using this platform to share ACSA initiatives with other cotton trade associations with a goal of broader adoption.
Reconciliation Package Update
See the update below for a comprehensive review of the reconciliation process.
ACSA Along with 100 Supply Chain Participants Share Testimony on Congestion in the Memphis Marketplace
On August 11th, ACSA leaders including Buddy Allen of American Cotton Shippers Association, Michael Symonanis of Allenberg Cotton Co., Donna Lemm of IMC Companies, and Neely Mallory of Mallory Alexander International Logistics participated in a Federal Maritime Commission Memphis Supply Chain Stakeholder Meeting led by Commissioner Rebecca Dye. Over 100 stakeholders participated in the meeting including FMC Chairman Dan Maffei, Surface Transportation Board (STB) Chairman Martin Oberman, STB Board Member Patrick Fuchs, and key Congressional staff. In the meeting participants share testimony regarding supply chain congestion in the Memphis marketplace and the impact on their companies. Following that, Buddy shared a potential legislative solution by creating an interoperable, grey pool pilot in Memphis. Meeting summary below. Whitepaper created by the Memphis Supply Chain Innovation Team that discusses the problem and potential solution can be found below.
ACSA Along with 100 Other Companies and Associations Write Letter in Support of Garamendi/Johnson Bill
Yesterday, ACSA co-signed a letter to Representatives John Garamendi (D-CA) and Dusty Johnson (R-SD) endorsing the Ocean Shipping Reform Act of 2021 (OSRA21). The Act focuses on unreasonable detention and demurrage charges, and carrier rejection of U.S. export cargo. We believe that addressing these concerns will assist U.S. exports such as cotton to remain competitive in the global market.
