USDA Announces Special Import Quota #13 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced July 13 that Special Import Quota #13 for upland cotton will be established July 20, allowing importation of 8,623,379 kilograms (39,606 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. 17, 2023, and entered into the U.S. by Jan. 15, 2024. Special Import Quota #12 for upland cotton was announced July 6. Established July 13, the quota will apply to upland cotton purchased not later than Oct. 10, 2023, and entered into the U.S. by Jan. 8, 2024. The allowed amount in the #12 quota is 8,623,379 kilograms (39,606 bales) of upland cotton, up from 8,079,827 kilograms (37,110 bales) under quota #11 (see 2306300072). The quotas are equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the February through April 2023 period, the most recent three months for which data is available.