The Dubai Cotton Centre (DCC), the cotton trade facilitation arm and a fully owned subsidiary of the Dubai Multi Commodities Centre, will take part in an upcoming cotton expo in Tashkent.

The sixth International Uzbek Cotton Fair will be held on October 13 and 14.

DCC has been facilitating the export of Uzbek Cotton since 2008, since signing a framework agreement with Uzprommashimpeks, a major local exporter. Uzbekistan is currently the world’s third largest exporter of cotton, with exports projected to total 3.2 million bales in 2009-2010, a statement said.

Uzbekistan’s local logistics system comprises 23 specialised cotton terminals with storage capacity of 400,000 metric tons, with good transportation infrastructure and shipment corridors.

The DCC was established to facilitate trade between Uzbekistan and the international trading community, small and medium indenters and end users. It enables financing, accessibility and daily spot cotton prices for consumers.

“We anticipate an increase in global trade and exports, allowing the DCC to consolidate Dubai’s position as a key link in the global cotton supply chain between Central Asia and the cotton consuming economies in the wider Asian market,” said Malcolm Wall Morris, chief executive officer of the DMCC.

“Improving market access and providing tailor made solutions to this industry unleashes the greater potential of the Uzbek cotton trade. We look forward to working alongside the Uzbekistan Ministry of Foreign Economic Relations in the years to come,” he added.

The two day event will include the Cotton Trade Fair, roundtable discussions as well as presentations on various issues, including world cotton and textile markets and Uzbekistan’s cotton production and marketing sectors.

The DCC will be represented by Krishnan Ramamurthi, director of Dubai Cotton Centre. – TradeArabia News Service