Dubai Cotton Centre (DCC), the cotton re-export facilitation arm of DMCC, has completed the sale of 750 metric tonnes Indian organic cotton to Malaysia between December 2009 and February this year.

The consignment is the first initiative by DCC to facilitate the trade in Indian cotton, which is a highly competitive and booming export product.

The development also marks a new chapter in DCC’s successful efforts to increase its value and presence in the international cotton industry by expanding the sourcing origins according to client requirements. These initiatives have focused on the supply of US, Brazilian and West African cotton apart from Indian cotton with Jebel Ali in Dubai emerging as a pivotal international cotton hub.

“Our unique mix of services and physical location is helping to facilitate increased quantity in cotton trade flows with beneficial impacts felt across the entire value chain encompassing producing countries as well as the ultimate buyers across the globe,” said Ahmed Bin Sulayem, executive chairman, DMCC.

During four months of operations in 2009, DCC facilitated a re-export volume of 17,600 metric tonnes of raw cotton fibre valued of $25 million. In the first quarter of 2010, DCC facilitated re-export by a further 28,100 metric tonnes valued at $45 million. Since inception, the Centre has facilitated re-export of 45,700 metric tonnes of raw cotton fibre with a total value of $70 million.-TradeArabia News Service