USDA Announces Special Import Quota #7 for Upland Cotton
The U.S. Department of Agriculture's Commodity Credit Corporation announced Dec. 2 that Special Import Quota #7 for upland cotton will be established Dec. 9, allowing importation of 9,434,076 kilograms (43,330 bales) of upland cotton, down from 10,024,400 kilograms (46,041 bales)…
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in the previous quota period. The quota will apply to upland cotton purchased not later than March 8, 2022, and entered into the U.S. by June 6, 2022. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the August through October 2021 period, the most recent three months for which data is available.