Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   

Agricultural News


NCC Disputes Findings in Turkish Anti-dumping Investigation

Tue, 19 Apr 2016 05:41:33 CDT

NCC Disputes Findings in Turkish Anti-dumping Investigation
   

On April 16, 2016, the Turkish government released its final decision on its anti-dumping investigation of U.S. cotton. Based on assertions that U.S. cotton was dumped into Turkey injuring the domestic fiber market -- which the National Cotton Council (NCC) steadfastly challenged -- a three percent CIF (cost, insurance and freight) duty has been imposed on all U.S. cotton fiber imports into Turkey, effective immediately.

Turkey is the second largest export market for U.S. cotton with shipments ranging between 1.5 and 2.0 million bales. The duties automatically put U.S. cotton at a competitive disadvantage to cotton produced in other countries, thus seriously jeopardizing business with Turkish mills.

NCC Chairman Shane Stephens said the investigation, which was initiated in October 2014, was clearly in response to several U.S. trade investigations of Turkish steel imports. In an unusual move, he noted that the Turkish government self-initiated the investigation without any showing of special circumstances as is required under World Trade Organization (WTO) rules.

"In the first place, the investigation itself lacked transparency regarding information used to justify the investigation," Stephens said. "In fact, data used in support of a finding of injury to the Turkish domestic cotton market ignored established facts to the contrary."

Stephens said that the Council submitted ample evidence showing that Turkey’s cotton market has experienced price declines due to the same factors affecting cotton markets worldwide. He said, for example, government policies in developing countries and competition from manmade fibers have contributed to stagnant global demand, increased stocks and lower cotton prices.

"Unfortunately, the import duties only compound the difficult economic climate facing U.S. cotton growers and merchandisers," Stephens stated. "The Council will continue to actively oppose the imposition of duties and is exploring ways to reverse the decision, such as WTO mechanisms and the Turkish judicial system."

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Monday, March 1, 2021 Market Wrap-Up with Justin Lewis  Mon, 01 Mar 2021 15:53:42 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m, Monday, March 1 2021  Mon, 01 Mar 2021 15:02:38 CST
  • 12 House Ways & Means Members Call on Treasury to Withdraw Section 199A Rules for Farmer Co-ops  Mon, 01 Mar 2021 12:35:17 CST
  • Optimism in Beef Industry Fueled by Strong Demand with Higher Prices Anticipated  Mon, 01 Mar 2021 11:46:22 CST
  • Dr. Derrell Peel on the U.S. Beef Export Situation and Update   Mon, 01 Mar 2021 11:39:16 CST
  • Governor Still Appoints Shelley Paulk to OK Tax Commission   Mon, 01 Mar 2021 11:31:54 CST
  • The Victor Ranch Receives Oklahoma Leopold Conservation Award  Mon, 01 Mar 2021 09:24:30 CST
  • USDA Announces Dr. Dewayne Goldmon as Senior Advisor, Racial Equity, and Andy Green as Senior Advisor, Fair and Competitive Markets  Mon, 01 Mar 2021 09:20:56 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.