USDA Announces Special Import Quota #12 for Upland Cotton, Decreases Quota Amount
The Department of Agriculture's Commodity Credit Corporation announced Special Import Quota #12 for upland cotton will be established on Dec. 15, allowing importation of 13,866,053 kilograms (63,686 bales) (here), down from 14,034,414 kilograms (64,459 bales) in previous quota periods (see…
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1611250009). It will apply to upland cotton purchased not later than March 14, 2017, and entered into the U.S. by June 12, 2017. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period August through October, the most recent three months for which data are available.