USDA Announces Special Import Quota #4 for Upland Cotton
USDA's Commodity Credit Corporation announced May 12 that Special Import Quota #4 for upland cotton will be established May 19, allowing importation of 9,898,391 kilograms (45,462 bales) of upland cotton, the same as the previous quota period. The quota will…
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apply to upland cotton purchased not later than Aug. 16, 2022, and entered into the U.S. by Nov. 14, 2022. Special Import Quota #3 for upland cotton was announced May 5. Established May 12, the quota applies to upland cotton purchased not later than Aug. 9, 2022, and entered into the U.S. by Nov. 7, 2022. The allowed amount in the #3 quota is 9,559,147 kilograms (43,904 bales) of upland cotton, down from 10,083,800 kilograms (46,314 bales) under quota #2. The quotas are equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the January through March 2022 period, the most recent three months for which data is available.