USDA Announces Special Import Quota #2 for Upland Cotton
USDA's Commodity Credit Corporation announced April 25 that Special Import Quota #2 for upland cotton will be established May 2, allowing importation of 6,902,347 kilograms (31,702 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 July 30, 2024, and entered into the U.S. by Oct. 28, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the December 2023 through February 2024 period, the most recent three months for which data is available.