USDA Announces Special Import Quota #12 for Upland Cotton
USDA's Commodity Credit Corporation announced July 7 that Special Import Quota #12 for upland cotton will be established July 14, allowing importation of 12,148,606 kilograms (55,798 bales of 480 lbs) of upland cotton, up from 11,099,187 kilograms (50,978 bales) in…
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the previous quota period. The quota will apply to upland cotton purchased not later than Oct. 11, 2022, and entered into the U.S. by Jan. 9, 2023. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the March through May 2022 period, the most recent three months for which data is available.