USDA Announces Special Import Quota #15 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on Jan. 31 announced that Special Import Quota #15 for upland cotton will be established on Feb. 7, allowing importation of 12,334,220 kilograms (56,650 bales) of upland cotton, the same as for the…
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previous quota period. Quota #15 will apply to upland cotton purchased not later than May 7, 2019, and entered into the U.S. by Aug. 5, 2019. Special Import Quota #14 was established on Jan. 31, and applied to the same quantity of upland cotton purchased not later than April 30, 2019, and entered into the U.S. by July 29, 2019. The quotas are equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period July 2018 through September 2018, the most recent three months for which data is available.