USDA Announces Special Import Quota #5 for Upland Cotton
USDA's Commodity Credit Corporation announced Nov. 17 that Special Import Quota #5 for upland cotton will be established Nov. 24, allowing importation of 10,095,949 kilograms (46,370 bales) of upland cotton. The quota will apply to upland cotton purchased not later…
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than Feb. 21, 2023, and entered into the U.S. by May 22, 2023. Special Import Quota #4 for upland cotton was announced Nov. 10. Established Nov. 17, the quota will apply to upland cotton purchased not later than Feb. 14, 2023, and entered into the U.S. by May 15, 2023. The allowed amount in the #4 and #5 quotas is down from 12,112,732 kilograms (55,633 bales) in the previous quota period, announced in September (see 2209230020). The quotas are equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the July through September 2022 period, the most recent three months for which data is available.