USDA Announces Special Import Quota #15 for Upland Cotton
USDA's Commodity Credit Corporation announced July 27 that Special Import Quota #15 for upland cotton will be established Aug. 3, allowing importation of 8,623,379 kilograms (39,606 bales) of upland cotton, the same as the previous quota period. The quota will…
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apply to upland cotton purchased not later than Oct. 31, 2023, and entered into the U.S. by Jan. 29, 2024. Special Import Quota #14 for upland cotton was announced July 20. Established July 27, the quota will apply to upland cotton purchased not later than Oct. 24, 2023, and entered into the U.S. by Jan. 22, 2024. The allowed amount in the #14 quota is also 8,623,379 kilograms (39,606 bales) of upland cotton. 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.