AMS Increases Assessment for Imported Upland Cotton
The Agricultural Marketing Service (AMS) is amending the Cotton Board Rules and Regulations by increasing the value assigned to imported cotton for calculating supplemental assessments collected for use by the Cotton Research and Promotion Program. The current total assessment on…
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imported cotton is $0.012665 per kilogram of imported cotton. The new total assessment, effective Sept. 27, is $0.014109 per kilogram, an increase of $0.001444 per kilogram. According to AMS, this increase reflects the increase in the average weighted price of Upland Cotton Received by U.S. Farmers during the period January through December 2011. AMS also changed, effective Sept. 27, the Harmonized Tariff Schedule statistical reporting numbers that were amended since the last assessment adjustment.