USDA Announces Special Import Quota #11 for Upland Cotton
USDA's Commodity Credit Corporation announced June 29 that Special Import Quota #11 for upland cotton will be established July 6, allowing importation of 8,079,827 kilograms (37,110 bales ) of upland cotton. No quota was announced for the previous quote period.…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
The quota will apply to upland cotton purchased not later than Oct. 3, 2023, and entered into the U.S. by Jan. 1, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the February through April 2023 period, the most recent three months for which data is available.