USDA Announces Special Import Quota #12 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced Jan. 7 that Special Import Quota #12 for upland cotton will be established on Jan. 14, allowing importation of 8,893,540 kilograms (40,847 bales) of upland cotton, up from 8,108,926 kilograms (37,244…
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bales) in the previous quota period. The quota will apply to upland cotton purchased not later than April 13, 2021, and entered into the U.S. by July 12, 2021. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the August 2020 through October 2020 period, the most recent three months for which data is available.