USDA Announces Special Import Quota #25 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced Oct. 7 that Special Import Quota #25 for upland cotton will be established Oct. 14, allowing importation of 10,773,610 kilograms (49,482 bales) of upland cotton, down from 11,655,252 kilograms (53,532 bales)…
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in the previous quota period. The quota will apply to upland cotton purchased not later than Jan. 11, 2022, and entered into the U.S. by April 11, 2022. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the June through August 2021 period, the most recent three months for which data is available.