| From Zawya.com: Dubai Multi Commodities Centre (DMCC) announced the establishment of Dubai Cotton Centre (DCC), a new trading arm and a fully owned subsidiary of DMCC, which will consolidate Dubai's position as a key link in the global cotton supply chain between Central Asia particularly Uzbeskistan and the cotton consuming economies in the wider Asian market.
The newly established DCC also signed a framework agreement with Uzprommashimpeks (UPM), a renowned major exporter under the Uzbekistan Ministry of Foreign Economic Relations (MFER) to buy 100,000 metric tonnes of cotton, and sell it to the wider Asian market. Uzbekistan is the world's third largest exporter of cotton with major exports to Asia..... Full Article: Source
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