>>
Home / Knowledge / News / Textiles / CCC approves new rules for cotton program for 2008-2012

CCC approves new rules for cotton program for 2008-2012

04
Nov '08
The Commodity Credit Corporation(CCC) approved new regulations for implementing cotton programs authorized by the Food, Conservation and Energy Act of 2008 (2008 Farm Bill) that will be published soon in the Federal Register.

These regulations govern several programs for the 2008 through 2012 crops of upland and extra-long staple (ELS) cotton, specifically marketing assistance loans (MAL) and loan deficiency payments (LDP); recourse seed cotton loans and the ELS cotton competitiveness payments. The regulations also provide for a new program of economic assistance payments to domestic cotton users for upland cotton bales used starting August 1, 2008.

These regulations implement new statutory requirements for the ongoing MAL and LDP programs. Starting with the 2008 crop,loan rate adjustments for location are eliminated for upland cotton and other minor rate adjustments for leaf and micronaire are incorporated. The regulations also revise the calculation of the Adjusted World Price (AWP) transportation adjustment and reduce by 10-percent the maximum rates used for calculating any storage payments for the 2008 through 2011 crops.

This reduction of storage-payment rates does not apply to repayments of any outstanding 2007 crop loan obligations. A 20-percent reduction from 2006 rates in maximum storage-payment rates will be effective for redemptions of the 2012 crop.

The 2008 Farm Bill authorizes the reduction of the upland cotton AWP for any United States premium factor for cotton qualities higher than Middling 1 3/32-inch. This change allows for an adjustment for periods when loan premiums exceed market premiums.

The CCC will announce and implement this weekly adjustment, termed the "fine count adjustment" (FCA), for loan repayments processed starting Friday, Oct. 31. The FCA will be calculated and announced separately for each crop of upland cotton.

Starting with the upland cotton AWP that becomes effective Friday, Oct. 31, CCC will adjust the price by the average cost to market upland cotton to the Far East, including average transportation costs as determined from survey results.

This adjustment will replace use of a 52-week rolling average calculation method. The new regulations provide that this transportation adjustment and the FCA also apply to loan redemption calculations of outstanding 2007-crop upland cotton.

United States Department of Agriculture (USDA)


Must ReadView All

Pic: Shutterstock

Textiles | On 26th May 2022

CKFTA offers opportunities for Cambodia’s downstream processing sector

The Cambodia-South Korea Free Trade Agreement can help boost...

Pic: Shutterstock

Textiles | On 26th May 2022

China's logistics business expands in Jan-Apr 2022

China's logistics sector saw steady growth during January-April 2022, ...

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Dr. A Sakthivel,

Dr. A Sakthivel

Incorporated in 1978, the Apparel Export Promotion Council (AEPC) is the...

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Barbara Biosah, Label - Dumebi

Barbara Biosah
Label - Dumebi

Label DUMEBI is a luxury womenswear brand specialising in unconventional...

Katie Gallagher, Label - Katie Gallagher

Katie Gallagher
Label - Katie Gallagher

An internationally recognised American fashion designer, Katie Gallagher’s ...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Tchibo GmbH
IKEA of Sweden AB
TÜYAP IHTISAS FUARLARI A.S.
Aleph Srl
Lacoste (Wanchai)
Zydex Industries
Splash
Arvind Limited
Pt. Peraga Nusantara Jaya Sakti
FESPA (Reigate)
Mesdan SPA
Recron Polyester from Reliance Industries Limited
Mayer & Cie. GmbH & Co. KG
Nihalani Events Management
BRINKMANN GMBH
Asos
Cat Tuong Real Estate Group Joint Stock Company
Newtech Textile Technology Development (Shanghai) Company Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
VNU Exhibitions Asia
BIANCA
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Maceton Limited
Taiwan Textile Federation (TTF)
TESTEX AG, Swiss Textile Testing Institute
Colours India Inc
IFF Media Ag - International Media Services
Color Service s.r.l.
Huntsman (Singapore) Pte Ltd
Thai Acrylic Fibre Company Limited
Vardhman Textile Ltd
GERBER TECHNOLOGY LTD.
Nandan Denim Limited
Bluesign Technologies Ag
GHCL LIMITED
MAS Active / MAS Kreeda / MAS Bodyline
Applied DNA Sciences Inc
Shima Seiki Mfg. Ltd.
Centric Software
BIMBA ;& LOLA SL
Eurofins BLC Leather Technology Centre Ltd
Indofil Industries Limited - Specialty & Performance Chemicals Division
Lenzing Aktiengesellschaft
Chori Company Limited
Zünd Systemtechnik AG
Landmark Group
Messe Duesseldorf
Rayonese Textile Inc., Division de Culp Inc.
Itema Weaving (India) Private Limited
Italian Trade Commission
EPCH
Istanbul Fuarcilik A.S.
BTC Textiles LLC
Permoda(Koaj/Armi/Pronto/Bkul)
UBM China (Shanghai)
Datacolor AG Europe
Green Fibre
Gap International Sourcing Limited
Guess Europe Sagl,
Weitmann & Konrad GmbH & Co. KG
Brandix Lanka Limited
IIGM Private Limited
Target Corporation (MN)
Xtema - Thomas Lebherz Textilmaschinen
Alison Hayes Romania
GIOVANNI BOZZETTO S.p.A.
APLF Limited
Amazon China
DuPont de Nemours, Inc.,
Benetton Group
Comasia Limited
Messe Frankfurt Exhibition GmbH
The Top Form Brassiere Manufacturing Company Limited
Page Industries Limited (Bangalore)
Hirdaramani International Export Private Limited
Phong Phu international JSC (PPJ)
John Varvatos
Saurer Textile Solutions Pvt. Ltd.
USTER
Inter Expo Center Ltd.
SYNERGIES HONG KONG LIMITED
Aramark Uniform ;& Career Apparel, LLC
CSGIA(China Screen Printing & Graphic Imaging Association)
Chico’ FAS
Hela Clothing Pvt Ltd
Savio Macchine Tessili S.P.A.
Tommy Hilfiger
Kern – Liebers Textile
Rieter India Private Limited
Coats Digital Limited
KAS Direct Sourcing
Performance Days
Decathlon
Boardriders Asia Sourcing Limited
Under Armour Global Sourcing Ltd
Thermore (Far East) Ltd.
Palexpo SA
Marzoli Machines Textile s.r.l.
Etam Group Strategy Hong Kong Limited
Shanghai  Aige Exhibition Service Co., Ltd
Gokaldas Exports Limited
International Sourcing Expo Australia
Lenzing Aktiengesellschaft - India
Groz-Beckert East Asia LLP
Restoque S.A.
Stahl Holdings B.V.,
IDH – The Sustainable Trade Initiative
G-Star Raw C.V.
THE BOMBAY DYEING ;& MFG.CO. LTD
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
FULGAR SpA
ITMA Services Pte Ltd
Desigual - ABASIC, S.A.
Brückner Trockentechnik GmbH & Co. KG
TESCO INTERNATIONAL SOURCING LIMITED
Tory Burch Hong Kong Ltd
Lottmann Communications
Reiter India Private Limited
Lululemon Athletica Inc
Flainox S.r.l.
BTSR International S.P.A.
H;&M Hennes ;& Mauritz (Far East) Ltd
C;&A Sourcing International Ltd
Infor (Hong Kong) Limited
Bluestem Global Sourcing Limited
Indo Tex
Copenhagen Fashion Summit
Grasim Industries Limited
Tradewind International Servicing
International Textile Manufacturers Federation
H. Stoll AG & Company KG
Haelixa AG
Helly Hansen Far East Ltd
EMBEE CORPORATION
Rosset ;& Cia Limited
Lisa S.P.A.
Thai Trade Center
Eastman Chemical Company
JES MEDIA, INC
DyStar India Pvt. Ltd
PVH Corporation
TEXVALLEY MARKET LIMITED
Walmart
Datatex Consulting Srl
Puma
Midas Clothing Limited
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Sateri (Jiujiang) Fiber Co.,Ltd
Aquarelle Clothing Limited
Calvin Klein
Seasalt Limited
Sportmaster Ltd.
N9 World Technologies Private Limited
Recron Polyester from Reliance Industries Limited
OVS Hong Kong Sourcing Ltd.
Gloria Jeans
Meera Dyestuff Industries
Abit
Babyshop
Equinox Impex India
Karl Mayer Textilmaschinenfabrik GmbH
NITI Aayog
J ;& P Coats
G.A.S. unternehmenskommunikation gmbh
Gatsby Africa
Jiangsu Yingyang Nonwoven Machinery Company Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Tuyap Tum Fuarcilik Yapim A.S.
CGS Inc.
Groz-Beckert KG
Woolmark Services India Pvt. Ltd.
Alix Partners
Vianney Textil Hogar S.A. De C.V.
LC Waikiki
Sportswear Company Spa
Officina Meccanica Dora Enrico Srl
Lifestyle
Varner AS Retail
Lectra Technologies India Pvt Ltd.
NV Michel Van de Wiele
China World International Exhibition Company Limited
Kornit Digital Asia Pacific Ltd
Sainsbury's Argos Asia Limited
The LYCRA Company Singapore  Pte. Ltd
Esprit Europe Services GmbH
COTTON COUNCIL INTERNATIONAL
Truetzschler India Private Limited
KIABI
The LYCRA Company Singapore  Pte. Ltd
ZAITEX spa
T.T. Limited
Jindal Worldwide Limited
X-Rite Asia Pacific Limited (HK)
SHAHI Exports Pvt Ltd
EUROVET ASIA LTD
Loris Bellini S.r.l.
K AND D ITMACH EXPOSITIONS LLP
Dow Silicones Corporation

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search