of December 12, 2023 No. UP-205
About additional measures for further development of the free market relations in agricultural industry
For the purpose of further development of the free market relations in agricultural industry, enhancement of the relations between cotton and textile clusters (further - clusters) and producers of agricultural products on the basis of the market principles, forming of healthy competitive environment in industry: For the purpose of further development of the free market relations in agricultural industry, enhancement of the relations between cotton and textile clusters (further - clusters) and producers of agricultural products on the basis of the market principles, forming of healthy competitive environment in industry:
1. Determine that since harvest of 2024:
the raw cotton which is grown up over the amount necessary for delivery according to the futures contract, and also made at the expense of own means including the raised funds and commercial credits, is implemented by producers through the exchange to subjects of entrepreneurship or (and) is processed without the conclusion of the futures contract with cluster. At the same time:
the raw cotton which is grown up much according to the futures contract can be realized directly to cluster with which the futures contract is signed;
the cotton fiber and secondary products (seeds, lint and улюк) received in case of cotton raw conversion are implemented through the exchange in full.
Determine that the procedure provided by this Item does not extend to the seed raw cotton realized by producers.
2. Determine that the farm according to the obligations, including according to the obligations provided by the agreement on lease of land, futures and credit contracts answers with the property.
Take into consideration that in case of insufficiency of property of farm subsidiary responsibility by the property belonging to it according to obligations of farm is conferred on the head of farm according to the legislation.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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