USDA Announces Special Import Quota #17 for Upland Cotton
USDA's Commodity Credit Corporation announced Aug. 10 that Special Import Quota #17 for upland cotton will be established Aug. 17, allowing importation of 12,641,719 kilograms (58,062 bales) of upland cotton. The quota will apply to upland cotton purchased not later…
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than Nov. 14, 2023, and entered into the U.S. by Feb. 12, 2024. Special Import Quota #16 for upland cotton was announced Aug. 3. Established Aug. 10, the quota will apply to upland cotton purchased not later than Nov. 7, 2023, and entered into the U.S. by Feb. 5, 2024. The allowed amount in the #14 quota is also 12,641,719 kilograms (58,062 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 April through June 2023 period, the most recent three months for which data is available.