USDA Announces Special Import Quota #21 for Upland Cotton
USDA's Commodity Credit Corporation announced Sept. 7 that Special Import Quota #21 for upland cotton will be established Sept. 14, allowing importation of 12,114,320 kg (55,640 bales) of upland cotton, down from 12,641,719 kg (58,062 bales) in the previous quota…
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period. The quota will apply to upland cotton purchased not later than Dec. 12, 2023, and entered into the U.S. by March 11, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the May through July 2023 period, the most recent three months for which data is available.