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AMERICAN COTTON SHIPPERS ASSN UNITES WITH GLOBAL COMPETITORS TO INCREASE COTTON’S VALUE
Jun. 21, 2024
Source: - American Cotton Shippers Association news release
Memphis, TN - The American Cotton Shippers Association (ACSA) is pleased to join the Brazilian CottonShippers Association (ANEA) and the Australian Cotton Shippers Association by signing alandmark Memorandum of Understanding (MOU).
This agreement focuses our organizations oncollectively addressing matters of efficiency in the global supply chain, collaboration to enhancesecurity within the cotton trade, and recognition of cotton's comparative sustainability to manmadefiber.After signing the MOU, ACSA President and CEO Buddy Allen commented, "while it may seemcurious that we are collaborating with our largest competitors, we have a collective incentive toaddress matters that impact cotton's value around the world. The issues that we are focused on canimmediately reduce the cost of raw cotton landed at destination, creating enhancedcompetitiveness to alternative fibers, and simultaneously illuminate cotton's value."
ACSA VicePresident Shea Ishee added, "ACSA is committed to take bold action to increase the valueproposition for cotton production in the United States. This requires a global perspective tocompete."This agreement recognizes the positive contributions of the production and consumption of cottonto global economic development and supply chains.
The goal is to ensure the long-term economicand social vitality of their respective industries in the countries they represent through acollaborative approach to global industry issues.The memorandum was signed and formalized at the American Cotton Shippers AssociationAnnual Convention in Scottsdale, Arizona on June 14. It aims to establish dialogue to identifyissues of shared interest, strengthen mutual understanding, and provide opportunities for theexchange of ideas and information.
Brazilian Cotton Shippers Association (ANEA) President Miguel Faus stated, "We are excited todevelop areas and methods of cooperation with the aim of building stronger awareness amongconsumers and policymakers about the positive contributions of the production and consumptionof cotton in global markets."
Tony Geitz, chairman of the Australian Cotton Shippers Association, added, "The merchantcommunities in the U.S., Brazil and Australia - and indeed the wider cotton communities theyrepresent, welcome the opportunity to work as one. We aim to lead discussions around policymaking and global supply chains to ensure cotton remains in high demand."
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