The East India Cotton Association was set up in 1921 to regulate effective cotton trade in India.
The E.I.C.A. prepares standards for specific staple and grade in respect of major varieties of cotton grown in India on commercial scales. The cotton can be bought/sold on the basis of these descriptions/standards.
The Committee of the Association fixes upcountry spot rates for major descriptions of cotton and these are used for claiming differences in invoicing back or in closing cotton contracts. These rates are also used for compiling index for raw cotton.
At the invitation of the United States Department of Agriculture, the E.I.C.A. sends its representatives/classers to attend the Universal Cotton Standards Conference which meets once in three years to revise the U.S.A. cotton grade standards. The U.S.D.A. supplies these standards to E.I.C.A and all arbitration on imports of U.S.A. cottons are carried out by the Association on the basis of these standards.
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