Assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order will rise 2.64 percent under a direct final rule issued by the Department of Agriculture’s Agricultural Marketing Service. This rule also amends the Import Assessment Table, which indicates the total assessment rate due for each HTSUS number subject to assessment, to reflect this change.
Assessments will be increased from $0.011905/kg to $0.012222/kg to reflect an increase in the average weighted price of upland cotton received by U.S. farmers in 2018 . 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.
This rule will be effective as of Dec. 16 unless significant adverse comment is received by Nov. 14, in which case it will be withdrawn.
Source: Sandler, Travis & Rosenberg Trade Report