USDA Announces Special Import Quota #11 for Upland Cotton
USDA's Commodity Credit Corporation announced June 29 that Special Import Quota #11 for upland cotton will be established July 6, allowing importation of 8,079,827 kilograms (37,110 bales ) of upland cotton. No quota was announced for the previous quote period.…
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The quota will apply to upland cotton purchased not later than Oct. 3, 2023, and entered into the U.S. by Jan. 1, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the February through April 2023 period, the most recent three months for which data is available.