USDA Announces Special Import Quotas for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on April 5 announced Special Import Quota #24 for upland cotton will be established on April 12, allowing importation of 13,357,069 kilograms (61,348 bales) of upland cotton. It will apply to upland cotton…
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purchased not later than July 10, 2018, and entered into the U.S. by Oct. 8, 2018. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period November 2017 through January 2018, the most recent three months for which data is available. The CCC also posted to its website on April 3 a bulletin announcing Special Import Quota #23 was to be established April 5, allowing importation of the same amount of upland cotton and applicable to cotton purchased no later than July 3, 2018, and entered into the U.S. by Oct. 1, 2018.