AMS to Decrease Value Assigned to Cotton for Import Fees
The Agricultural Marketing Service is amending the Cotton Board Rules and Regulations to increase the value assigned to imported cotton for the purposes of calculating supplemental assessments on imports collected under the Cotton Research and Promotion Program, it said in…
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a notice released Oct. 2. The revised value in the direct final rule is 1.1562 cent, a decrease of .066 cent per kilogram. The decrease reflects a fall in the average price of Upland cotton received by U.S. farmers during the period January through December 2019. AMS's notice also includes a table of adjusted assessments corresponding to each Harmonized Tariff Schedule subheading for which they are due. The changes take effect Dec. 4, unless adverse comments are received by Nov. 4.