[Code of Federal Regulations]
[Title 7, Volume 8]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR989]

[Page 631]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER IX--AGRICULTURAL MARKETING SERVICE (Marketing Agreements and 
      Orders; Fruits, Vegetables, Nuts), DEPARTMENT OF AGRICULTURE
 
PART 989_RAISINS PRODUCED FROM GRAPES GROWN IN CALIFORNIA--Table of
 
                    Subpart_Order Regulating Handling
 
Sec.  989.62  Authorization for prohibition of trade practices.

    Whenever the Secretary finds, upon recommendation of the committee 
or other information, that continuance of certain practices in trade 
channels would tend to interfere with the achieving of the objectives of 
this part, he may prohibit handlers from using such practices, for any 
crop year or portion thereof, in selling raisins in containers exceeding 
four pounds net weight. The prohibited practices may include:
    (a) Any provision within or added to a sales contract, or action or 
agreement outside such contract, whereby the handler is obligated to 
reflect declines in market prices of raisins by charging the buyer a 
subsequent market price in lieu of the sales price specified in the 
contract.
    (b) Any agreement in an undertaking to hold raisins in reserve for 
possible future delivery to a buyer, or action or agreement outside such 
undertaking, whereby the handler is obligated to not reflect increases 
in market prices by charging the buyer a price specified in the 
agreement.

Prior to any such practices being prohibited in any crop year, the 
committee shall recommend, for the approval of the Secretary, such rules 
and procedures and such record keeping requirements as are necessary to 
administer these prohibitions and obtain compliance therewith.

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