USDA Announces Special Import Quota #17 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on Feb. 14 announced that Special Import Quota #17 for upland cotton will be established on Feb. 21, allowing importation of 12,619,815 kilograms (57,962 bales) of upland cotton. It will apply to upland…
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cotton purchased not later than May 21, 2019, and entered into the U.S. by Aug. 19, 2019. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period October 2018 through December 2018, the most recent three months for which data is available. Special Import Quota #16 was established on Feb. 14, and applied to upland cotton purchased not later than May 14, 2019, and entered into the U.S. by Aug. 12, 2019. The same period for the seasonally adjusted average rate applied.