USDA Announces Special Import Quota #3 for Upland Cotton
USDA's Commodity Credit Corporation announced May 2 that Special Import Quota #3 for upland cotton will be established May 9, allowing importation of 7,680,747 kilograms (35,277 bales) of upland cotton, up from 6,902,347 kilograms (31,702 bales) in the previous quota…
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period. The quota will apply to upland cotton purchased not later than Aug. 6, 2024, and entered into the U.S. by Nov. 4, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the January 2024 through March 2024 period, the most recent three months for which data is available.