The Definitive Guide to thebasicscottonexchange
The Definitive Guide to thebasicscottonexchange
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Before the Civil War, there was no real require for an organized association of cotton buyers and sellers. Merchants acquired cotton directly from growers in a mutually agreeable rate after which you can re-bought it for your financial gain. There were no quality expectations just before 1873, nor did cotton futures exist.
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In an effort led by Col. W. L. Moody, a Particular committee was named to draft by-rules for this new association. The principal aims with the group had been three-fold: to deal with pricing disputes between buyers and sellers; to determine truthful trade rules; and to collect and disseminate information regarding the crop and current market ailments. On May possibly 6, 1873, the Galveston Cotton Trade was born.
The Organic and natural Cotton Typical (OCS) is our Global voluntary normal that sets needs for third-bash certification of natural and organic input and chain of custody.
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Through the 1950s, the number of cotton corporations in Galveston had dwindled to just one. Once a flourishing enterprise through which great fortunes have been produced, the Galveston Cotton Exchange shut its doors in 1967.
Sign up to the SCC Look through our directory of organic cotton suppliers Join with producers of organic cotton around the world.
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