USDA Announces Special Import Quota #12 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on July 12 announced Special Import Quota #12 for upland cotton will be established on July 19, allowing importation of 13,673,800 kilograms (62,803 bales) of upland cotton, up from 13,556,609 kilograms (62,264 bales)…
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in the previous quota period (see 1807060006). It will apply to upland cotton purchased not later than Oct. 16, 2018, and entered into the U.S. by Jan. 14, 2019. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period March 2018 through May 2018, the most recent three months for which data is available.