Whole textile industry is always a mirror image of the global economy...
With fibre2Fashion Correspondent Cindrella Thawani, Fritz Grobien opines that global cotton production is heterogeneous as well as great challenge to farmers. In addition, he tells about China’s stock policy and its impact on world cotton market.
The Bremen Cotton Exchange is an international association with members ranging from the cotton source to well into the supply chain. Our position as arbitrator obliges us to remain neutral. We provide our members with information, data and knowledge.
Fritz Grobien became President of the Bremen Cotton Exchange in 1991. From 1992 to 1994 he held the position of Chairman at CICCA (Committee for International Co-operation between Cotton Associations).
He became the Vice-President of the newly established German/Uzbekistan Association, Bremen in 2000. Since 1998 he is member of the Board of The Liverpool Cotton Association Ltd.
Inflated price rise destructing demand of cotton, thus mainting reserves can be a solution? What is your outlook?
The prices have gone decreased again after the strong movements. As cotton is a natural fiber and thus depending on climatic conditions. In addition to this cotton is a commodity and object to speculation. Some parts of the market are difficult to control others are very much riddled with market and trade distortions. Estimates are not easy to give but in the long term we expect an increase of cotton use as well as an increase of competing fibers.
Cotton being a sustainable fibre from the primitive age is no more sustainable. What are your guidelines for this?
How do we define sustainability? If we take the three pillars of environment, economy and social issues, then we can see a lot of sustainability in 90 percent of the cotton grown around the world.
The majority of the world’s cotton production is already classified as good or very good in all areas. The old customs of the 1970s are long gone, as in the last 30 – 40 years there has been great progress in the field of agricultural technology, whether in terms of inputs or the use of water.
We must also not forget the enormous economic significance of cotton farming: more than 250 million people earn their living with cotton from the growing stage to the cotton bale, especially small farmers.
The most pressing task for the cotton sector is to replace out of date or wrong information with up to date facts.
Fibre2Fashion has a diverse global readership, and delivers unique, authoritative and relevant content. Drawing on the expertise and credibility that we have built over the years and contextualising them with our in-depth research studies, we produce authentic news, articles, reports, interviews and interactive explainers through the F2F Magazine and compendiums, among others, which help readers stay abreast with the industry trends.