USDA Announces Special Import Quota #9 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on June 18 announced that Special Import Quota #9 for upland cotton will be established on June 26, allowing importation of 7,445,241 kg (34,195 bales) of upland cotton, sharply down from 11,005,386 kg(50,547…
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bales) in the last quota period. The quota will apply to upland cotton purchased not later than Sept. 22, 2020, and entered into the U.S. by Dec. 21, 2020. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period February 2020 through April 2020, the most recent three months for which data is available.