Cotton Trading Manual

Terry Townsend

• Publisher: Woodhead Publishing
• Year: 2005
• Print ISBN:
  9781855734395
• eBook ISBN:
  9781845690922
• Topic: Business
• Subtopic: Agribusiness
• Index: Business

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

Part 1

The cotton trade: history and background

Outline

Chapter 1: History of the cotton trade from origin to the twentieth century

Chapter 2: The cotton trade today

1

History of the cotton trade from origin to the twentieth century*

John Baffes

Publisher Summary

This chapter discusses the history of the cotton trade from origin to the 20th century. Cotton has a place in history for a number of reasons: (1) Cotton has been the dominant source of clothing for almost two centuries, (2) the cotton industry is the first one to capitalize the benefits of the industrial revolution during the end of the 18th century and of the information technology advancements of the mid-19th century, and (3) cotton is the first “global” agricultural commodity in the sense that since the mid-19th century, its price has been determined in various cotton exchanges in response to world supply and demand conditions. The chapter highlights the early history of cotton. The chapter focuses on the socio-economic events that shaped the evolution of the world cotton market. It discusses the competition between cotton and wool and emergence of the West. It also discusses about the rise of the U.S. and dominance of England. The chapter explains the globalization of cotton.

Outline

Early history

Competition between cotton and wool and emergence of the West

Rise of the US and dominance of England

Globalization

Statistical appendix

Cotton has a place in history for a number of reasons. First, cotton has been the dominant source of clothing for almost two centuries. Secondly, the cotton industry is the first one to capitalize the benefits of the industrial revolution during the end of the eighteenth century and of the information technology advancements of the mid-nineteenth century. Thirdly, cotton is the first ‘global’ agricultural commodity in the sense that since the mid-nineteenth century its price has been determined in various cotton exchanges in response to world supply and demand conditions; hence one can argue for the existence of two-century-long global cotton market.

This chapter focuses on the socio-economic events that shaped the evolution of the world cotton market. For convenience, the presentation is divided into five periods, marked by important milestones in the history of the cotton industry (Table 1.1). The first period, referred to as the early history of cotton, goes up to 1600 w...

Table of contents

• Cover image
• Title page
• Table of Contents
• Copyright
• Contributors
• Preface
• Part 1: The cotton trade: history and background
• Part 2: The global picture
• Part 3: The physical trade
• Part 4: Derivatives
• Part 5: Administration and management
• Part 6: References
• Part 7: Appendices
• Index