USDA Announces Special Import Quota #3 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced Nov. 4 that Special Import Quota #3 for upland cotton will be established Nov. 11, allowing importation of 10,024,400 kg (46,041 bales) of upland cotton, down from 10,773,610 kg (49,482 bales)…
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in the previous quota period. The quota will apply to upland cotton purchased not later than Feb. 8, 2022, and entered into the U.S. by May 9, 2022. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the July through September 2021 period, the most recent three months for which data is available.