USDA Announces Special Import Quota #9 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on Dec. 19 announced that Special Import Quota #9 for upland cotton will be established on Dec. 26, allowing importation of 12,237,111 kilograms (56,204 bales) of upland cotton. The quota is the first…
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announced since May (see 1905170009). It will apply to upland cotton purchased not later than March 24, 2020, and entered into the U.S. by June 22, 2020. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period August 2019 through October 2019, the most recent three months for which data is available.