USDA Announces Special Import Quota #25 for Upland Cotton
USDA's Commodity Credit Corporation announced Oct. 5 that Special Import Quota #25 for upland cotton will be established Oct. 12, allowing importation of 8,629,319 kilograms (39,634 bales) of upland cotton, down from 12,114,320 kg (55,640 bales) in the previous quota…
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period. The quota will apply to upland cotton purchased not later than Jan. 9, 2024, and entered into the U.S. by April 8, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the June through August 2023 period, the most recent three months for which data is available.