TE releases 2010 Annual Report & Mid-year Farm and Fiber Predictions Report
Textile Exchange (formerly Organic Exchange) announced that its 2010 An-nual Report entitled “Accelerating” is now available on the non-profit's website. This year's comprehensive annual report focuses on core initiatives, overview of membership, education and training events provided in 2010, industry integrity initiatives, farm engagement activities, partnership activities, and financial information for the non-profit organization.
“I am pleased to share this year's annual report with our key stakeholders who have supported Textile Exchange for over nine years. Textile Exchange has been the undisputed leader in the non-profit sector in its ability to accelerate the growth of the organic cotton market and is poised to lead similar growth in the broader field of sustainable tex-tiles.” stated LaRhea Pepper, Managing Director.
Textile Exchange has also released its first mid-year Farm and Fiber Predictions Report. The report provides a brief up to-the-minute snapshot of activities in the sector, forecasts for the next harvest and beyond, and provides a concise overview of the global picture and a deeper look at regional activities.
“Data for the 2010/11 growing season will be available later in the year. However, our early research shows that, after a decade of continuous growth, global production of organic cotton is expected to slow down, at least for the next two years.” stated Liesl Truscott, Farm Engagement Director.
Slower growth is thought to be the result of a decrease in production in India for reasons to do with a scarcity of non-GM seed, and increased administration requested by the Government of India. Further, the recent jump in commodity prices for conventional cotton, coupled with a lack of long term trade agreements, is swaying less established organic growers. Although the low growth scenario in India is expected to continue into 2012, other well-established organic producer countries (particularly Turkey, the former number one) are stepping up production and are expected to contribute a larger percentage of the world supply from 2011/12 onwards.
Textile Exchange, together with key partners, will be leading the development of a Seed Intelligence Bank, ensuring that organic farmers have ready access to climate appropriate, non-GM seed. Textile Exchange is committed to transparency along the entire supply chain and to monitor and report significant changes within the industry. With this mid-year report, it is important to communicate at this time what the farm gate level is currently experiencing with slow growth.
Founded in 2002, Textile Exchange (formerly Organic Exchange) facilitates expansion of the global organic cotton and sustainable fiber supply and marketplace by working closely with the entire value chain, from farmers and textile suppliers to retailers and consumers. Textile Exchange has hosted numerous conferences and trainings in supply chain centers around the world, including Brazil, China, Germany, India, Peru, Portugal, South Africa, Sweden, Thai-land, The Netherlands, Turkey, Uganda, the United Kingdom, and the United States. Registration is currently open for the 2011 Textile Exchange Sustainable Textiles Conference taking place in Barcelona, Spain September 19-20.