USDA Announces Special Import Quota #19 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced Feb. 25 that Special Import Quota #19 for upland cotton will be established March 4, allowing importation of 8,648,011 kilograms (39,720 bales) of upland cotton, down from 9,464,255 kilograms (43,469 bales)…
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in the previous quota period. The quota will apply to upland cotton purchased not later than June 1, 2021, and entered into the U.S. by Aug. 30, 2021. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the October 2020 through December 2020 period, the most recent three months for which data is available.