AMS to Increase Value Assigned to Cotton for Import Fees
The Agricultural Marketing Service is amending the Cotton Board Rules and Regulations to increase the value assigned to imported cotton for the purposes of calculating supplemental assessments on imports collected under the Cotton Research and Promotion Program, it said in…
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a direct final rule released Sept. 27. The revised value is 1.3215 cents, an increase of .2079 cent per kilogram. The increase reflects a rise in the average price of upland cotton received by U.S. farmers during the period January through December 2021. AMS's notice also includes a table of adjusted assessments corresponding to each Harmonized Tariff Schedule subheading for which they are due. The changes take effect Nov. 28, unless adverse comments are received by Oct. 28.