By admin       2018-09-24

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 September 27, 2018, allowing importation of 13,296,430 kilograms (61,069 bales) of upland cotton. Quota number 22 will be established as of September 27, 2018, and will apply to upland cotton purchased not later than December 25, 2018, and entered into the U.S. not later than March 25, 2019. The quota is equivalent to one week’s consumption of cotton by domestic mills at the seasonally-adjusted average rate for the period May 2018 through July 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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