USDA Announces Special Import Quota #24 for Upland Cotton; Quota Amount Falls
The Department of Agriculture's Commodity Credit Corporation announced Special Import Quota #24 for upland cotton will be established on Sept. 8, allowing importation of 13,614,466 kilograms (62,530 bales) of upland cotton (here), down from 14,260,197 kilograms (65,496 bales) for the…
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last quota announced. It will apply to upland cotton purchased not later than Dec. 6 and entered into the U.S. by March 6, 2017. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period May through July, the most recent three months for which data are available.