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Economy

ICE cotton surges to 2-month high amid weather concerns, weaker dollar

ICE cotton futures hit a two-month high at 72.82 cents per pound, driven by a weaker dollar, rising oil prices, and poor crop conditions. Weather concerns, including Tropical Storm Francine, and bullish technical signals contributed to the surge.
Fibre2Fashion
September 17, 2024
Economy

Brazilian cotton prices oscillate amid market challenges in early Sept

Brazilian cotton prices have been unstable in early September due to low market liquidity and a shift towards term contracts. The CEPEA/ESALQ index rose 1.2% recently, recovering from a 4.65% drop in August.
Fibre2Fashion
September 17, 2024
Sustainability

Mitsubishi joins ExxonMobil's low-carbon hydrogen project in Texas

Mitsubishi and ExxonMobil are launching a low-carbon hydrogen project in Texas by 2029. The plant will cut 98% of CO2 and provide low-carbon ammonia to Japan, pending regulatory approval.
Fibre2Fashion
September 17, 2024
Economy

Wrangler Rolls Out Optimistic TV Advertising Campaign

Wrangler’s new global TV campaign, directed by Jake Scott, celebrates optimism and features its Fall and Holiday 2024 collections. The ad aired during NFL games and "Yellowstone," highlighting Wrangler’s iconic denim and American West roots.
Rivet
September 17, 2024
Sustainability

Lab Grown Cotton Startup Galy Raises $33M in Series B Financing

Galy has raised $33M to advance its lab-grown cotton, which uses 99% less water, 97% less land, and emits 77% less CO2 than traditional cotton. Supported by investors like H&M Group and Inditex, Galy's technology aims to make cotton production more sustainable.
Rivet
September 16, 2024
Politics 

Top Brands Using Synthetic Fibres More than Earlier; EU Initiatives on Reducing Fashion's Footprint Are Backfiring

Major fashion brands are using greater amounts of polluting synthetic textiles, a survey of 50 global firms— representing $1 trillion in market value and spanning fast fashion, sports, luxury and supermarket own-brands — reveals greater dependence on synthetic fibres that are driving fast fashion, and use of fossil fuel industry tactics, says a report by the Changing Markets Foundation.
Texfash
September 11, 2024
Sustainability

MIT Scientists Develop New Filtration Material to Remove PFAS from Water with Silk and Cellulose Membranes

Researchers at the Massachusetts Institute of Technology have come up with new filtration membranes based on natural silk and cellulose that can remove contaminants, including ‘forever chemicals’ and heavy metals.
Texfash
September 11, 2024
Economy

USDA lowers India's cotton production & stocks for 2024-25 season

India's cotton production forecast for 2024-25 is reduced to 30.72 million bales due to excessive rains and pest issues, impacting economic stability. Ending stocks are projected at 12.38 million bales, highlighting supply constraints.
Fibre2Fashion
September 16, 2024
Sustainability

Monthly Cotton Economic Letter: September 2024

In September 2024, cotton prices remained mostly stable with slight increases in major markets. The USDA has lowered global cotton production and mill use estimates, potentially affecting stocks and demand. Economic factors such as rising interest rates and sluggish demand in key markets like the U.S. and Europe are impacting the market, though lower inflation might offer some stability.
Sourcing journal
September 16, 2024
Economy

Cotton prices rise slightly across global benchmarks over last month

Cotton prices have slightly increased globally over the past month. US prices are stable between 67 and 71 cents per pound, China remains steady at 94 cents, and India’s spot prices have risen to 90 cents per pound, with Pakistan reaching 81 cents.
Fibre2Fashion
September 16, 2024
Sustainability

Old Navy Revives Styles from Its Golden Era

Old Navy’s ’94 Reissue collection brings back nearly 200 iconic ’90s pieces like baby tees, baggy jeans, and bucket hats. Celebrating its 30th anniversary, the collection blends nostalgia with current trends and features a themed party with ’90s music stars.
Angela Velasquez
September 13, 2024
Sustainability

American Rag Upcycles with Local Designers; Plans to Launch Vintage Wholesale

American Rag's "Nothing New" initiative partners with L.A. designers to upcycle from their 2 million vintage garments into exclusive collections. This sustainable project highlights the reuse of existing clothing. Additionally, American Rag will open its vintage archive to other brands through a new wholesale business.
Rivet
September 13, 2024

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