AFCOT - Association Française Cotonnière

AFCOT, Association française cotonnière.

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AFCOT 2016 Trade Event


The French Cotton Association (AFCOT), which is celebrating its 126th anniversary, met in Barcelona on 7 October 2016. Over 370 people from five continents took part in the event.

The day began with a seminar hosted by the French Cotton Association and the African Cotton Association. Debates were chaired by the presidents of the two associations, Georges Toby and Modibo Koné.

Following a welcome message from Alberto Durban, President of the Centro Algodonero Nacional, Ricardo Dominguez Garcia-Baquero, Vice-Minister for Agriculture, Fisheries and Rural Development with the Andalusian Government, provided an overview of farming in the region. Mr Garcia-Baquero gave the floor to Dimas Rizzo, representing Spanish ginners, who presented all the unique features of the Spanish cotton industry.

The second part focused on the Support Programme for the Consolidation of the Action Framework under the European Union–Africa Partnership on Cotton.

Annick Gouba-Guibal and Fabio Berti both explained the objectives, strategic directions, practical initiatives and results at grassroots level.

The seminar was closed by Mark Rueeg, founder and CEO of the Swiss company CELSIUS PRO, which offers a wide range of solutions to protect the agricultural sector against natural risks with specific climate insurance.

The seminar was followed by a celebratory lunch.

During his traditional dinner speech, AFCOT President Georges Toby delivered a message of optimism and hope, stressing that we were entering a cycle where consumption should exceed production for at least five years.

Whilst watching the direction that the global economy will take, Mr Toby expressed his view that 2016/2017 prices will be within the 64.00 c/lb to 76.00 c/lb bracket.

Guest of honour at the dinner was Patrick Pergament, CEO of Petit Bateau, a leading French textile company founded in 1893, which continues to produce comfortable cotton clothing. During his speech, Patrick Pergament stressed that buyers are increasingly concerned about how clothing is made, which has led the company to examine the sustainability and traceability of supplies.

During the dinner, the name of the person who righty guessed the ICE DEC closing price on 5 October was revealed. Of the 212 entries, and with an estimate of 67.77 c/lb, the winner was Marc Studer. He was presented with a ST DUPONT fountain pen.

This year, there were eleven guesses between 53.40 and 60.00 c/lb, 64 between 60.00 and 70.00 c/lb, 86 between 70.00 and 80.00 c/lb, 12 between 80.00 and 90.00 c/lb and one of 93.83 c/lb.

We will be back next year with another winner.

The AFCOT President and Management Board would like to thank everyone who took part in the day and made it a success.











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