Representation of US cotton industry in Asian countries
13 Feb '08
1 min read
The 2007 COTTON USA Executive Delegation provided updates on U.S. cotton to textile industry leaders from Vietnam, Pakistan and Turkey, markets that CCI's Export Promotion Committee identified as key targets for the U.S. cotton industry.
The delegation discussed U.S. cotton's quality and sustainability, U.S. and world production, supply and demand, U.S. farm legislation and World Trade Organization (WTO) issues, futures and options, Supima and the COTTON USA Supply Chain Marketing program.
CCI President Michael Adams led the U.S. delegation, which also included Rickey Bearden and Don Cameron (American Cotton Producers); Andy Weil and Joe Nicosia (American Cotton Shippers Association); Grady Martin (AMCOT); Joe O'Neill (ICE Futures U.S.); and Marc Lewkowitz (Supima).
In 2007, Turkey, Pakistan and Vietnam imported about 7.9 million bales of cotton, and recent U.S. market share is roughly 45 percent. Mill use in these countries totaled 20.2 million bales in 2007.