Ex-Im Bank insurance renewal helps cotton exports

Trade & Trends

Tuesday, October 23, 2012

The U.S. Export-Import Bank has renewed a 12-month export credit insurance policy for Wells Fargo to enable the export of American cotton to Menderes Tekstil Sanayi ve Ticaret A.S., a large Turkish textile maker. The bank said the renewal of this policy will sustain jobs at Cordova, Tenn.-based Cargill Cotton and the Carolinas Cotton Growers Cooperative located in Garner, N.C. “Farm workers in at least 15 U.S. farms will produce the cotton for export throughout t...

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