Industries worldwide are having a difficult time obtaining credit loans due to the panic in financial markets, with textile mills and mill groups reporting various lending conditions.  Smaller mills have been the most impacted, with a few experiencing a cut off in credit loans.  Such is the case last week in the U.S., where a small mill closed two plants after losing its credit sources.  In other regions, currency volatility has impacted industries.  South Korea's textile sector has been hit with a plummeting won, which collapsed last week to its lowest level since April 1998, dropping to 1,485 before recovering to close the week at 1,310 per U.S. dollars.  South Korea's banks have also been feeling the crunch.  The decline in credit availability and currency volatility has led to renewed interest in the GSM credit facility.  South Korea was allocated 3.5 billion under the CCC export credit guarantee program for 2009, which has been used mainly for soybean meal and corn purchases.  The difficulty in credit has led to several companies having problems in opening letters of credit, adding to the woes of trade.  One measurement of the trade issues is the collapse of the Baltic Dry Freight Index, which continued to decline on Monday, October 13, falling to 1976, down over 83% from its June 2008 high.