AMS To Decrease Value Assigned to Cotton for Import Fees

The Agricultural Marketing Service is amending the Cotton Board Rules and Regulations to decrease the value assigned to imported cotton for the purposes of calculating supplemental assessments on imports collected under the Cotton Research and Promotion Program (here). The revised value in the direct final rule is $0.011012, a decrease of $0.001001 per kilogram. The decrease reflects a fall in the average price of Upland cotton received by U.S. farmers during the period January through December 2015. The change takes effect Oct. 4, unless adverse comments are received by Sept. 6.