By admin       2018-05-12

The Department of Agriculture’s Commodity Credit Corporation announced a special import quota for upland cotton that permits importation of a quantity of upland cotton equal to one week’s domestic mill use. The quota will be established on May 17, 2018, allowing importation of 13,170,669 kilograms (60,492 bales) of upland cotton. Quota number 3 will be established as of May 17, 2018, and will apply to upland cotton purchased not later than August 14, 2018, and entered into the U.S. not later than November 12, 2018. The quota is equivalent to one week’s consumption of cotton by domestic mills at the seasonally-adjusted average rate for the period December 2017 through February 2018, the most recent three months for which data are available. Future quotas, in addition to the quantity announced, will be established if price conditions warrant.

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