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USA:Sourcing USA Summit 2004 elevates cotton sales |
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2004-12-23
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US cotton exporters who attended the 2004 Sourcing USA Summit reported that $51 million of US cotton (200,000 bales) was sold during the event and another $505 million (2 million US bales) is anticipated to be sold within three months of the event.
The 2004 Sourcing USA Summit was coordinated by the National Cotton Council’s export promotion arm, Cotton Council International, was held November 19-21, 2004 in San Diego, California.
Some 200 international cotton buyers from 22 countries attended the Summit — a group representing 12.2 million bales of consumption and imports of 5 million bales of US cotton annually. Included cotton buyers from China imported some 5 million US bales in the 2003 marketing year, as well as mill executives from other countries in Asia and Latin America, Europe, Turkey and South Asia.
The event themed “Strengthening Enduring Partnerships” was organized to assist textile mill executives with management-trend information and networking opportunities that can boost their cotton businesses forward.
CCI President, Robert Norris said, “These transactions are a much-needed boost for US cotton, especially considering that for the first time in nine years, global cotton production significantly exceeds demand. This event also afforded our industry an excellent opportunity to communicate US cotton’s unique attributes and its unmatched technical services to these important international customers.”
The Summit also offered the attendees to help with textile market sourcing challenges.
Another of the 22 presentations included testimonials on Cotton Incorporated’s Engineered Fiber Selection System — technology that enhances the quality of yarns and fabrics produced from US cotton.
Norris said the overseas mill executives also visited US cotton farms, gins and other facilities en route to or after attending the Summit.
“This was another way that served to strengthen the relationships between US industry members and the key customers they supply,” Norris concluded.
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