This week’s Cotton Newsline is 3 cuts. All cuts are Dr. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council.
Suggested introduction cut 1:
The USDA last Thursday announced another Step 3 import quota for cotton. According to Dr. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council, competitiveness provisions triggered a Step 3 import quota based on price conditions for the week ending September 7.
Suggested introduction cut 2:
In addition to Thursday’s quota announcement, Adams says four other quotas are currently open totaling about 430,000 bales and he believes there will be more.
Suggested introduction cut 3:
Adams says it’s important to keep in mind that although there are a number of Step 3 quotas open, the U.S. mills still import only a small amount of cotton.
