This system will enable LDC to match increasing consumer and retailer demand for sustainable cotton, demonstrating traceability along the value chain. It will also support industry efforts to help Australian cotton become more competitive and sustainable.
LDC and The Himatsingka Group have initiated dialogues with multiple retailers and Australian cotton users about their increasing need for product origin assurance. In anticipation of this demand, Applied DNA Sciences will supply sufficient SigNature® T DNA taggant to tag approximately 14 million kilograms of pure Australian cotton at LDC’s Moree gin on a contingent basis.
Backed by sourcing, processing, storage and logistical capabilities across major production regions in Australia, LDC originates, gins, warehouses and ships cotton and cotton seeds to global markets. In addition to Moree, the company operates two other cotton gins in Queensland.
“In line with our continuous drive to create greater value for our customers through our product and service offerings, LDC is excited to partner with The Himatsingka Group and Applied DNA Sciences to introduce the first robust, closed loop, supply chain traceability system for Australian cotton.As a company committed to sustainability and responding to growing consumer demand for traceable cotton, LDC is pleased to adopt this innovative technology that will allow brand owners and retailers to verify the presence of Australian cotton in their finished garments and products. This will enable consumers to make more confident purchase decisions and promote the use of HomeGrown™ Australian cotton.”
Tony Geitz, Managing Director, Cotton Platform, LDC Australia
“On average, Australian growers produce enough cotton to clothe 500 million people every year. It is great to see LDC’s traceability initiative, which will serve to strengthen our country’s already enviable global reputation as a reliable and trusted supplier of high quality cotton. As Australia’s cotton representative body, we endorse innovative solutions to traceability which we believe will help the industry become more competitive, sustainable and valued by the community.”
Adam Kay, Chief Executive Officer of Cotton Australia
About Louis Dreyfus Company
Louis Dreyfus Company is a leading merchant and processor of agricultural goods. We leverage our global reach and extensive asset network to serve our customers around the world, delivering the right products to the right location, at the right time – safely, responsibly and reliably. Our activities span the entire value chain from farm to fork, across a broad range of business lines (platforms). Since 1851 our portfolio has grown to include Oilseeds, Grains, Rice, Freight, Finance, Coffee, Cotton, Sugar, Juice, Dairy and Metals. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 81 million tons of products. Structured as a matrix organization of 6 geographical regions and 11 platforms, Louis Dreyfus Company is active in over 100 countries and employs approximately 19,000 people globally. For more information, visit www.ldc.com and follow us on Twitter and LinkedIn.
LDC opened its first Australian office in Melbourne in 1913, trading grains to the international market and becoming a major wheat exporter in the earliest days of the Australian grain industry. Throughout the past 100 years, we have maintained a strong presence in all aspects of Australian agriculture. Our business portfolio has evolved from a single platform to 6 platforms today, offering high-quality products and services to growers, producers, domestic consumers and international clients alike. Visit us at www.ldc.com/au.