USDA Announces Special Import Quota #8 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced June 10 that Special Import Quota #8 for upland cotton will be established June 17, allowing importation of 10,452,580 kilograms (48,008 bales) of upland cotton, up from 9,364,126 kilograms (43,009 bales)…
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during the previous quota period. The quota will apply to upland cotton purchased not later than Sept. 14, 2021, and entered into the U.S. by Dec.13, 2021. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the February through April 2021 period, the most recent three months for which data is available.