ICF to host 2nd All India Cotton Conference in Coimbatore

16 Jun '14

3 min read

The Indian Cotton Federation (ICF), Coimbatore is organizing second ALL INDIA COTTON CONFERENCE in Coimbatore on 12th & 13th August, 2014 at The Residency, Coimbatore.

First Conference was held on 1.9.2012 at Coimbatore and the theme of the conference was “Challenges facing Cotton Trade and Industry 2013”. The Indian Cotton Federation (ICF) was earlier known as South India Cotton Association (SICA) and the name was changed in 2011 to reflect its broad range of pan-India activities.

ICF had organized this conference to discuss about these challenges to seek the opinion of all sections about solutions. The Conference discussed various sections including price related issues. This conference also promoted the need for risk management and a separate session on risk management through hedging was organized.

A wide cross section of stake holders in cotton viz Ginners, Merchants, Brokers, Spinners had attended and a session was planned for a thorough brainstorming on various current issues- including price, funding, etc. A separate session had been organized for this purpose also.

As the First years Conference was for one day, the time constraint had been noticed as many of the state level stake holders could not present their problems in a detailed manner. Therefore to facilitate all sections of cotton stake holders, it is decided to hold the Conference for 2 days i.e, 12th & 13th August 2014.

This will be a follow up Conference of first conference, with more enthusiasm and programme profile and will be a workshop for future plans and coordination.

The theme of this Conference will be “Indian Cotton Scenario in the Current Context 2014-15” and the subjects and speakers profile etc will be announced in due course. The development during the last two years were encouraging with higher yield/production & cotton price volatility.

However still more to be done with regard to Logistics, Taxation, encouraging Hedging, Derivative Market mechanisms, Quality and contamination, minimising supply and demand mismatch, dispute resolutions like Arbitration facilities for domestic and international, policy initiative to match the prices of cotton with value added finished goods like yarn and fabrics etc.

Problems of Farmers, Ginners, Traders, Brokers, Mills etc. will have separate session. Participants will have a good opportunity to know each others problems, solutions and prospects of Cotton Trade and Industry. Since cotton price is the deciding factor for the smooth working of Textile Industry with the sustenance of margins in domestic sales/Exports of similar goods, the conference will discuss the policy initiatives on various stages, including the role of Government agencies etc.

ICF

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