The
buying and pricing of raw cotton is now a sophisticated,
complicated, and very challenging
responsibility that must be handled professionally.
Today,
the textile industry is a global industry and we
are living in a world full of volatility
in commodity prices, foreign exchange, and interest
rates. Since raw cotton presents
such a large percentage of total input cost, bad
judgments in
price fixations can seriously affect the profitability
of a company.
More and more cotton
growers and textile mills around the globe
employ the services of consultants to assist
them with their cotton pricing and risk management
decisions. This is not surprising as cotton is the only major input cost item
over which a textile mill has control.
We have the cotton industry |
Functions of a Cotton Merchant
