USDA Announces Special Import Quota #24 for Upland Cotton, Lowers Amount
The Department of Agriculture's Commodity Credit Corporation on April 4 announced that Special Import Quota #24 for upland cotton will be established on April 11, allowing importation of 12,157,032 kilograms (55,836 bales) of upland cotton, down from 12,665,348 kilograms (58,171…
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bales) in the last quota period. It will apply to upland cotton purchased not later than July 9, 2019, and entered into the U.S. by Oct. 7, 2019. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period December 2018 through February 2019, the most recent three months for which data is available.