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


National Cotton Council Chimes In on Call to Trump Administration to Open Discussions to Avert Tariff Damage to Ag- Including Cotton

Thu, 05 Apr 2018 06:04:45 CDT

National Cotton Council Chimes In on Call to Trump Administration to Open Discussions to Avert Tariff Damage to Ag- Including Cotton The National Cotton Council is concerned that China’s announcement of significantly higher proposed tariffs on U.S. raw cotton shipped to that country would significantly harm the economic health of the U.S. cotton industry.



For the current 2017 crop year, China stands as the second largest export market with purchases of approximately 2.5 million bales of U.S. cotton.



"I cannot overstate the importance of China’s market to U.S. cotton farmers and the importance of U.S. cotton in meeting the needs of China’s textile industry," NCC Chairman Ron Craft said. "The cotton industries of the United States and China enjoy a healthy, mutually beneficial relationship."



According to the USDA Foreign Agriculture Service GAIN Report, cotton has been listed among multiple U.S. agricultural products that could potentially be hit with higher tariffs from China -- specifically an in-quota tariff that would increase from one percent to 26 percent. Following the announcement, the cotton market reacted accordingly – almost limit down on nearby contracts.



The GAIN Report noted that China's proposal of retaliatory tariffs on selected U.S. agricultural products is in response to the recent U.S. proposed tariffs on Chinese imports resulting from the Section 301 investigation into the forced transfer of U.S. technology and intellectual property.



Craft said the NCC strongly encourages the two governments to engage in immediate discussions "that can resolve trade tensions and preserve this long-term collaborative relationship. The U.S. cotton industry stands ready to assist the U.S. government and our trading partners in China to find a resolution to this damaging trade dispute.”


source- National Cotton Council



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Steer and Heifer Calves Sold 6.00-9.00 Higher Compared to Last Tuesday at OKC West Livestock Auction  Tue, 19 Mar 2019 17:50:09 CDT
  • Manual Removal of Retained Placenta After Calving Can Be Detrimental for Future Conception Rates  Tue, 19 Mar 2019 17:40:51 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 pm Tuesday, March 19, 2019  Tue, 19 Mar 2019 17:20:59 CDT
  • Wheat Farmers Welcome New Export Opportunity from Trump Administration Agreement with Brazil  Tue, 19 Mar 2019 17:17:24 CDT
  • Gene Editing, Meat Alternatives, and Blockchain To Be On The Table At Animal Agriculture Alliance’s 2019 Stakeholders Summit  Tue, 19 Mar 2019 16:56:18 CDT
  • Night of Stars Gilt Show Set for Wednesday Evening- Expectations High for Second Year of Online Bidding  Tue, 19 Mar 2019 12:20:49 CDT
  • USDA Continues to Prevent African Swine Fever from Entering the U.S.  Tue, 19 Mar 2019 12:14:01 CDT
  • OKFB Foundation For Agriculture Accepting Donations for Farmers and Ranchers Impacted by Late Winter Storms  Tue, 19 Mar 2019 10:17:51 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Herbs Herb Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Oklahoma City Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.