The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) has issued a proposed rule lowering the assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order.
These assessments are being reduced from $0.012728/kg to $0.012013/kg, reflecting a decrease in the average weighted price of upland cotton received by U.S. farmers in 2014. The revenues generated by these assessments are used to finance research and promotion programs designed to increase consumer demand for upland cotton in the U.S. and international markets.
Comments must be received on or before October 5, 2015.
Questions regarding this update may be directed to Livingston’s U.S. Regulatory Affairs group.