USDA Announces Special Import Quota #24 for Upland Cotton
USDA's Commodity Credit Corporation announced March 28 that Special Import Quota #24 for upland cotton will be established April 4, allowing importation of 6,526,283 kilograms (29,975 bales) of upland cotton, unchanged from the previous quota period. The quota will apply…
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to upland cotton purchased not later than July 2, 2024, and entered into the U.S. by Sept. 30, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the November 2023 through January 2024 period, the most recent three months for which data is available.