USDA Announces Special Import Quota #6 for Upland Cotton
USDA's Commodity Credit Corporation announced May 23 that Special Import Quota #6 for upland cotton will be established May 30, allowing importation of 7,680,747 kilograms (35,277 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 Aug. 27, 2024, and entered into the U.S. by Nov. 25, 2024. Special Import Quota #5 for upland cotton was announced May 16. Established May 23, the quota will apply to upland cotton purchased not later than Aug. 20, 2024, and entered into the U.S. by Nov. 18, 2024. The allowed amount in the #5 quota is also 7,680,747 kilograms (35,277 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 January through March 2024 period, the most recent three months for which data is available.