USDA announces special import quota #1 for upland cotton April 21, 2022

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 April 28, 2022, allowing importation of 10,083,800 kilograms (46,314 bales of 480-lbs) of upland cotton.

Quota number 1 will be established as of April 28, 2022 and will apply to upland cotton purchased not later than July 26, 2022 and entered into the U.S. not later than October 24, 2022. The quota is equivalent to one week’s consumption of cotton by domestic mills at the seasonally-adjusted average rate for the period December 2021 through February 2022, 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.