USDA Announces Special Import Quota #8 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced Dec. 10 that Special Import Quota #8 for upland cotton will be established Dec. 17, allowing importation of 8,108,926 kilograms (37,244 bales) of upland cotton, the same as the previous quota…
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period. The quota will apply to upland cotton purchased not later than March 16, 2021, and entered into the U.S. by June 14, 2021. CCC had announced Special Import Quota #7 on Dec. 3. Established Dec. 10, the quota will apply to upland cotton purchased not later than March 9, and entered into the U.S. by June 7. The quotas are equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the July 2020 through September 2020 period, the most recent three months for which data is available.