|
Orientation tour to
introduce US Cotton industry
Textile executives from 13 countries participated
in the weeklong COTTON USA Orientation Tour to familiarize themselves
with U.S. cotton and how that fiber is produced, processed and
marketed. Participants met with exporters in the four major Cotton
Belt regions while touring cotton farming, ginning, processing,
classing and research facilities. The 13 representative countries
imported 11.1 million bales of U.S. cotton in the last marketing year,
85 percent of U.S. cotton’s total worldwide sales.
Nearly 800 textile executives from more than 60
countries have toured the U.S. Cotton Belt via CCI’s Orientation Tour,
which was initiated in 1968. The tour continues to be an excellent
vehicle for helping U.S. cotton capture additional market share
overseas.
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.
|