USDA Announces Special Import Quota #7 for Upland Cotton
USDA's Commodity Credit Corporation announced Nov. 30 that Special Import Quota #7 for upland cotton will be established Dec. 7, allowing importation of 7,837,716 kilograms (35,998 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 March 5, 2024, and entered into the U.S. by June 3, 2024. Special Import Quota #6 for upland cotton was announced Nov. 24. Established Nov. 30, the quota will apply to upland cotton purchased not later than Feb. 27, 2024, and entered into the U.S. by May 27, 2024. The allowed amount in the #6 quota is also 7,837,716 kilograms (35,998 bales) of upland cotton. The quotas are equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the July through September 2023 period, the most recent three months for which data is available.