# Obstacles Emerging for Global Cotton Contract?

Author: Jim Steadman
Published: 2014-07-11
Canonical URL: https://www.cottongrower.com/market-analysis/obstacles-emerging-for-global-cotton-contract/

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IntercontinentalExchange (ICE), with the support of the International Cotton Association and the American Cotton Shippers Association, is working to finalize details for a new global cotton contract that will be based on cotton grown in five continents instead of the U.S.-only emphasis in the longstanding Cotton No. 2 contract.

However, reports the *Financial Times*, the coordination of efforts needed to launch the new contract – targeted for the fourth quarter of this year – is running into [**bureaucratic obstacles in Malaysia**](http://www.ft.com/intl/cms/s/0/113054a4-08c8-11e4-9d3c-00144feab7de.html#axzz37AZegIvL), one of the contract’s proposed shipping points.