USA to increase cotton import fees
On September 27 the assessments to be paid by importers of cotton and cotton containing products under the Cotton Research and Promotion order will increase by a ruling of the Department of Agriculture’s Agricultural Marketing Service
The increases are raised from USD 0.012665/kg to USD 0.014109/kg and are reflecting the increase of the average weighted price of upland cotton received by U.S. farmers during 2011. The revenues from these assessments are destined to finance research and promotion programmes designed to increase consumer demand for upland cotton in America and international markets. The cotton import fee was lastly increasing on September 30, 2011 from USD 0.01088/kg.