USDA Announces Special Import Quota #8 for Upland Cotton
USDA's Commodity Credit Corporation announced June 9 that Special Import Quota #8 for upland cotton will be established June 16, allowing importation of 11,099,187 kilograms (50,978 bales) of upland cotton, up from 9,898,391 kilograms (45,462 bales) in the previous quota…
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period. The quota will apply to upland cotton purchased not later than Sept. 13, 2022, and entered into the U.S. by Dec. 12, 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 2022 period, the most recent three months for which data is available.