The natural fiber cotton is the world’s chief raw material with a share of more than 50 %. The name derives from the tufts of long fibers inside the cotton plant’s fruits. Cotton is known and treasured as raw material since 3000 BC. The ultimate boom began in the 19th century, when the requirements for a rational processing were created with mechanization of the textile industry. Even in textile production of our modern high-tech societies the fiber is still no. 1.
Biggest producer is China with a market share of 24 %, than come the U.S.A. (20 %), India (14 %), and Pakistan (8 %) next to Brazil, Egypt and Turkey. The only country in the EU with a production worth mentioning is Greece. Biggest cotton-importers are china and Indonesia.
The cotton-contract is noted in U.S. Cent per American pound, whereby the size amounts to 50,000 lbs. The cotton-quality is the sort no. 2, at which the fiber’s length needs to amount 1 2/32 inches.
Most important stock exchange centers: NYBOT (New York Board of Trade)
Contract-cycles: March, May, July, October, December.
Contract-size: 50,000 lbs.
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