The US Agriculture Department set the prevailing world market price for upland cotton at 46.55 cents per lb, effective through September 17. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.
USDA also 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 17, 2009, allowing importation of 13,907,772 kilograms (63,878 bales) of upland cotton. The next announcement for upland cotton will be on September.
Comments
Comments are closed.