USDA Announces Special Import Quota #12 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced July 8 that Special Import Quota #12 for upland cotton will be established July 15, allowing importation of 10,452,580 kilograms (48,008 bales) of upland cotton, the same as the previous quota…
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period. The quota will apply to upland cotton purchased not later than Oct. 12, 2021, and entered into the U.S. by Jan. 10, 2022. 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.