This book includes every aspect of the cotton trade, starting with the history and background, its growth and production patterns. It goes on to examine the international trade itself, the key players, recent trends, and a look at cotton prices, forecasting, and the factors that affect the cotton price. The author looks at end uses for cotton by analysing the garment industry as a whole and the competition for cotton. This is related to cotton consumption and the global economics of this commodity. The final chapter looks to the future and attempts to forecast trends for the industry over the coming years.
WINNER OF THE BANCROFT PRIZE • A Pulitzer Prize finalist that's as unsettling as it is enlightening: a book that brilliantly weaves together the story of cotton with how the present global world came to exist. “Masterly … An astonishing achievement.” —The New York Times The empire of cotton was, from the beginning, a fulcrum of constant global struggle between slaves and planters, merchants and statesmen, workers and factory owners. Sven Beckert makes clear how these forces ushered in the world of modern capitalism, including the vast wealth and disturbing inequalities that are with us today. In a remarkably brief period, European entrepreneurs and powerful politicians recast the world’s most significant manufacturing industry, combining imperial expansion and slave labor with new machines and wage workers to make and remake global capitalism.
Cotton Trading Manual (CTM) is the first work to provide a comprehensive reference source to the conduct of the complex international cotton market. CTM begins by looking at the history of the cotton trade, and then moves on to assess the current global picture, including a discussion of trends in the market, as well as production and consumption analysis. The third and fourth parts focus on trading in physical cotton and futures respectively. Finally, the last section deals with administrative and management issues within the cotton trade as a whole, such as contracts, insurance and risk management. CTM is an indispensable practical companion for all those involved with trading in this commodity. Comprehensive reference to the complex international cotton market Discusses the history of the cotton trade Assesses the global picture, looking at trends and production and consumption analysis
As the economies of China, India, and other Asian nations continue to grow, these countries are seeking greater control over the rules that govern international trade. Setting the rules carries with it the power to establish advantage, so it’s no surprise that everyone wants a seat at the table—or that negotiations over rules often result in stalemates at meeting of the World Trade Organization. Nowhere is the conflict over rule setting more evident than in the simmering “standards wars” over the rules that define quality and enable the adjudication of disputes. In Global Rivalries, Amy A. Quark explores the questions of how rules are made, who makes them, and how they are enforced, using the lens of cotton—a simple commodity that has become a poignant symbol of both the crisis of Western rule making power and the potential for powerful new rivals to supplant it. Quark traces the strategies for influencing rule making processes employed not only by national governments but also by transnational corporations, fiber scientists, and trade associations from around the globe. Quark analyzes the efficacy of their approaches and the implications for more marginal actors in the cotton trade, including producers in West Africa. By placing the current contest within the historical development of the global capitalist system, Global Rivalries highlights a fascinating interaction of politics and economics.
The guide is a reference book that provides a comprehensive view of all aspects of the cotton value chain from a market perspective, and an overview of the world cotton market. It outlines factors influencing supply and demand, and market trends; considers major issues of the sector, including trade policy and WTO issues; deals with textile processing of cotton, cotton quality and its determinants, and cotton contamination; covers various aspects of cotton trading and export marketing; looks at e-commerce, the ICE Futures U.S. and other futures markets for cotton; reviews the market for different types of cotton, including organic cotton; presents market profiles of the main importing countries in Asia (Bangladesh, China, India, Indonesia, Pakistan, Thailand) and Turkey, with recommendations on how to approach their cotton-consuming textile industries. Annexes contain a list of international cotton associations, as well as lists of useful addresses and web resources.
