The International Cotton Trade

Julian Roche
372 Pages
The cotton trade is said to be the most sophisticated and complex of all the international commodity trades: the first to use telegraphs and telephones; the first to have reliable pricing; and the first to use futures contracts. It is now a worldwide and deeply professional business involving dozens of companies.

There is an immense amount of information available on the trade. The aim of this book is to decipher and interpret the data to provide a general guide for the uninitiated and a useful reference source for the expert. Traders and analysts, for example, will find the comparison between markets, the evaluation of index numbers and prices, the statistical compendium and the view of the future interesting and valuable. Those approaching the daunting and information-rich world of cotton for the first time will find the book both comprehensive and compact as well as readable.

Table of Contents

Chapter 1: History and Background of Cotton

Physical characteristics of cotton

From first cultivation to the end of World War II
Cultivation from World War II to the present day, by country

Chapter 2: The Growing of Cotton

Planting and growing

The cotton cycle
Pests, diseases and weeds of the cotton plant
Ginning, bailing and transportation

Chapter 3: The Genetics of Cotton

Cotton agronomy

Cotton biotechnology

Chapter 4: World Cotton Production

Types of cotton
Overview of world cotton production
Cotton production by country
The measurement of quality and type

Chapter 5: World Cotton Consumption

The uses of cotton

Trends in consumption and stocks
Regional cotton consumption

Chapter 6: The International Textile Industry

Cotton spinning and manufacture
Cotton textile manufacturing
The scope of the industry worldwide
Competition for cotton

Chapter 7: Cotton Prices

The measurement of cotton prices
Cotton price trends

Chapter 8: Cotton Futures

The history of futures markets
Uses for derivative contracts
Success of the markets
The international cotton futures project
The regulation of futures trading
Forecasting the market

Chapter 9: The International Cotton Trade

The pattern of cotton trading after World War II
The international cotton trade 1980-90
The international cotton trade in the 1990s
Recent trends in the international cotton trade
Existing international arrangements: export marketing; physical contracts
Cotton trading companies
The cotton freight market
The future of international trade in cotton
The future to 2000

About the Author

Michael Atkin is the Managing Partner of RER, a European property and commodities research consultancy. Projects currently underway are in the areas of European property, property derivatives, and inter-commodity comparisons. He previously worked at London Fox as Business Development Manager. This involved responsibility for technical development and marketing of a range of futures contracts, including responsibility for work on the possibility of launching an international cotton futures contract at Fox.