USDA Announces Special Import Quota #9 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on Dec. 20 announced that Special Import Quota #9 for upland cotton will be established on Dec. 27, allowing importation of 12,334,220 kilograms (56,650 bales) of upland cotton, the same as for the…
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previous quota period. Special Import Quota #8 was established on Dec. 20, and applied to upland cotton purchased not later than March 19, 2019, and entered into the U.S. by June 17, 2019. Quota #9 will apply to upland cotton purchased not later than March 26, 2019, and entered into the U.S. by June 24, 2019. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period July 2018 through September 2018, the most recent three months for which data is available.