USDA Announces Special Import Quota #12 for Upland Cotton
USDA's Commodity Credit Corporation announced Jan. 4 that Special Import Quota #12 for upland cotton will be established Jan. 11, allowing importation of 6,199,761 kilograms (28,475 bales) of upland cotton, down from 7,207,463 kilograms (33,103 bales) in the previous quota…
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period. The quota will apply to upland cotton purchased not later than April 9, 2024, and entered into the U.S. by July 8, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the September through November 2023 period, the most recent three months for which data is available.