LUBBOCK - Textile Exchange should withdraw its Organic Cotton Market Report 2022 and issue a revised version which provides a more realistic picture, according to a leading figure in the industry.
Terry Townsend, a consultant and former executive director of the International Cotton Advisory Committee (ICAC), says Textile Exchange's claim that organic cotton production grew by 37% in 2020/21 is not credible.
Textile Exchange, responding to views expressed by Townsend in a lengthy post on LinkedIn, insisted its data was the best available and that it had been open about its reservations on some of the figures claimed.
