NAICS Code 523160-06 - Cotton Brokers

Marketing Level - NAICS 8-Digit

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Total Verified Companies: 8
Contact Emails: 14
Company Websites: 7
Phone Numbers: 8
Business Addresses: 8
Companies with Email: 5
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NAICS CODE 523160-06
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NAICS Code 523160-06 Description (8-Digit)

Cotton Brokers are professionals who act as intermediaries between cotton producers and textile manufacturers. They facilitate the buying and selling of cotton by providing market information, negotiating prices, and arranging for the transportation and storage of the commodity. Cotton Brokers are knowledgeable about the cotton market and keep up-to-date with the latest trends and developments in the industry. They work closely with both buyers and sellers to ensure that transactions are completed smoothly and efficiently.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 523160 page

Tools

Tools commonly used in the Cotton Brokers industry for day-to-day tasks and operations.

  • Cotton futures contracts
  • Market reports and analysis
  • Transportation logistics software
  • Quality testing equipment
  • Cotton grading manuals
  • Price negotiation skills
  • Risk management tools
  • Financial analysis software
  • Communication tools (e.g. email, phone, video conferencing)
  • Cotton industry publications

Industry Examples of Cotton Brokers

Common products and services typical of NAICS Code 523160-06, illustrating the main business activities and contributions to the market.

  • Cotton ginners
  • Textile manufacturers
  • Cotton traders
  • Cotton exporters
  • Cotton importers
  • Cotton mills
  • Cotton growers
  • Cotton cooperatives
  • Cotton merchants
  • Cotton warehouses

History

A concise historical narrative of NAICS Code 523160-06 covering global milestones and recent developments within the United States.

  • The "Cotton Brokers" industry has a long and rich history worldwide. The first cotton exchange was established in Liverpool, England in 1857, which became the model for other exchanges around the world. In the United States, the New York Cotton Exchange was founded in 1870, which later merged with the Coffee and Sugar Exchange to form the New York Board of Trade. The industry has seen many advancements over the years, including the introduction of electronic trading platforms, which have made trading more efficient and accessible. In recent years, the industry has faced challenges due to the decline in cotton prices and the increasing competition from synthetic fibers. However, the industry has adapted by focusing on sustainability and traceability, which has helped to maintain demand for cotton products.