In light of the ongoing global situation COVID-19, ACSA leadership and University of Memphis representatives, it has been decided to move forward and cancel this year’s International Cotton Institute. We apologize for any inconvenience and we hope you will join next year.
While you are attending the Cotton Institute, you will participate
in a six week residential program designed for people entering the
cotton industry as well as for those who want to expand their
knowledge of the trade.
As a future leader of the industry, you are introduced to all phases
of cotton production and marketing, including:
An overview of the history, economics, standards, and trends of
the production regions of the world.
The position of the cotton industry itself in a global economy.
The harvesting, processing, and utilization efficiencies in use
throughout the world.
The manufacturing process, including fiber types and properties in
their end use, and fiber conversion costs.
The purchase of cotton, including typical trade terms and
conditions in the various markets of the world.
The movement of cotton from the field to the textile mill,
including the world transportation infrastructure, delivery problems,
tariffs, inspection services, insurance claims, and payment
The appropriate use of various risk management tools available to
producers, merchants, and spinners; forward contracts, futures and
options contracts; explanation of minimum price and maximum price
contracts utilizing options.
The fundamentals of futures and options trading, including the
daily management of simulated cash and futures positions.
International trading rules, organizations, arbitration
procedures, the settlement of claims, and the enforcement of awards
The basic considerations of doing business in a trans-cultural
environment and the ethical implications of contracts, contract law,
and the importance of contract sanctity in the world trade of cotton.
Electronic trading platforms
The course of study and training in the classification of cotton
The visual process of learning the various grades of cotton
encompassed by the Universal Standards as approved by the signatories
to the Universal Standards Conference.
The visual and mechanical process of manual classification
pursuant to the Universal Standards.
Familiarization with the use of High Volume Instrument (HVI)
machines and micronaire machines.
The physiology of cotton, the importance of fiber properties and
characteristics for end use by spinners, and the market valuation of
those fiber properties.
Field trips are an integral part of the Institute program and provide the opportunity for valuable on-site instruction. Locations include a cotton farm, warehouse, textile facility, global merchants, USDA Cotton Ginning Research facility, and the USDA Cotton Division Headquarters office and classing facility.
Successful completion of the Cotton Institute is based on passing
the requirements as well as participating fully in all aspects of the
program, including field trips and all extra-curricular activities
planned by the Institute. Participant performance is evaluated
throughout the program. The Institute reserves the right to deny
certification to any student who does not meet these requirements.