USDA Announces Special Import Quota #12 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on Jan. 9 announced that Special Import Quota #12 for upland cotton will be established on Jan. 16, allowing importation of 11,008,601 kilograms (50,562 bales) of upland cotton, down from 12,237,111 kilograms (56,204…
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bales) in the previous quota period. The quota will apply to upland cotton purchased not later than April 14, 2020, and entered into the U.S. by July 13, 2020. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period September 2019 through November 2019, the most recent three months for which data is available.