United States Of America : NCC appreciates USDA's trade assistance for cotton

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Home / Knowledge / News / Textiles / NCC appreciates USDA's trade assistance for cotton

NCC appreciates USDA's trade assistance for cotton

25
Jul '18

The National Cotton Council (NCC) appreciates the Trump Administration’s plan to assist US farmers and ranchers facing trade disruptions from retaliation tariffs. USDA has announced that farmers and ranchers will be given up to $12 billion for a market facilitation programme, a food purchase & distribution programme, and a trade promotion programme.

USDA senior officials said payment calculations and other details of the plan would be provided in a few weeks.

NCC chairman Ron Craft, a Plains, Texas, ginner, said, “We support the administration for taking this interim action to help at least partially offset impacts until better trade relationships can be restored and improved. The negative effects of the retaliatory tariffs are being felt at multiple points in the US cotton and cottonseed industry from the farmgate on through the distribution and marketing channels. Our industry thanks Agriculture Secretary Perdue for exercising his authority to provide this much needed relief.”

The Memphis-based NCC’s mission is ensuring the ability of the US cotton industry’s seven segments to compete effectively and profitably in the raw cotton, oilseed, and US-manufactured product markets at home and abroad. (GK)

Fibre2Fashion News Desk – India

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