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Related Keywords: arbitration, Cotton Ginners, cotton textile eco-system, global scenario, hedging, Indian Cotton Federation, Indian Cotton Scenario in the Current Context, Indian cotton sector, needs comprehensive study on challenges, organizing two-day conference, requirements, scope to increase production, textile industry representatives, traders

The Indian Cotton Federation is organizing a two-day conference on “Indian Cotton Scenario in the Current Context 2016-2017” on August 19 and 20 at Coimbatore as the Indian cotton sector needs a comprehensive study on challenges, requirements, and scope to increase production.

About 400 people, including cotton ginners, traders, textile industry representatives, and brokers are expected to participate at the conference. They will deliberate on cotton area, demand, supply and price situations, and sustainable management practices.

Related Keywords: arbitration, buy raw cotton, current methods of negotiation, high price volatility, International cotton Association, introduce mediation service, over reneged contracts, speedier tool, trade houses

The Liverpool, England-based International Cotton Association (ICA) expels members that deal with companies that are blacklisted for defaulting on contracts plans to introduce mediation services to help resolve disputes over reneged contracts that have blocked hundreds of blacklisted firms from doing business. The mediation would be speedier tool to resolve disputes, in addition to the current methods of negotiation and arbitration.