INSIGHTS ICE cotton futures continued to decline due to weak crude oil prices and favourable weather, despite a weaker dollar limiting losses. December contract settled at 69.44 cents per pound, down 0.37 cents, while crude oil hit a yearly low due to demand concerns and increased supply. Traders await US cotton export sales report, expected to show limited activity. ICE cotton continued to observe a declining trend due to weak crude oil prices and favourable weather conditions. However, the

INSIGHTS In H1, South Africa imported apparel worth $818.633 million, with China being the top supplier, holding a 51.47 per cent market share. In 2023, South Africa's total apparel imports from China were valued at $769.545 million. Recent discussions between Chinese President Jinping and South African President Ramaphosa have further strengthened bilateral ties.

INSIGHTS In August, cotton prices in Brazil fell below BRL 4 ($0.71) per pound, driven by increased domestic supply, lower international prices and reduced export parity. The CEPEA/ESALQ cotton index dropped by 4.65 per cent, closing at BRL 3.8863 ($0.69) per pound on August 30. The 2023-24 cotton harvest is progressing well, with 76.1 per cent of the area harvested. In August, cotton prices in Brazil experienced a notable decline, falling below BRL 4 (~$0.71) per pound by the end of the mont

INSIGHTS Swimwear imports by the US decreased to $412.606 million in H1 2024, down 7.41 per cent from $445.966 million in H1 2023. The imports peaked at $1,132.733 million in 2022 but fell to $684.732 million last year. China was the largest supplier in H1 2024, contributing 32.95 per cent of the total imports, followed by Vietnam, Indonesia, Cambodia and Sri Lanka.

INSIGHTS ICE cotton futures saw steep declines, erasing previous session gains, with US cotton nearing new lows due to pressure from falling stocks, crude oil, and grain markets. US cotton export sales were average, while China's purchasing remained low. Crude oil dropped further after disappointing US employment data. Speculators increased short positions. ICE cotton has experienced steep losses, erasing almost all the gains from the previous trading session. US cotton is heading towards new

Pakistan's cotton arrivals for 2024-25 season have significantly declined to 1.225 million bales, a 59.69 per cent drop from previous year. The decrease is attributed to reduced sowing areas, drought conditions and pest attacks. The country's total cotton production in 2023-24 had increased by 70.94 per cent compared to 2022-23 but has now decreased again.

INSIGHTS Geopolitical friction, trade barriers, unfavourable pandemic-time experiences and industrial policy have motivated many firms to reassess their global supply chains, in particular, their China operations, S&P Global Ratings said. As FDI into China seems to have plunged, Asian emerging markets and Mexico have generally not seen significant increases. Geopolitical friction, trade barriers, unfavourable experiences during the pandemic and industrial policy have motivated many firms

INSIGHTS The upcoming Intertextile Shanghai Apparel Fabrics fair, celebrating its 30th anniversary from 27-29 August 2024, will feature nearly 4,000 exhibitors from 26 countries and regions. The event will include a vast fringe programme with 40+ seminars, panel discussions, and forums focused on sustainability, digital solutions, and industry trends. Following significant uptake in sustainability seminars from exhibitors, and with digital solutions events growing alongside the fair’s

INSIGHTS Yarn Expo Autumn, set for 27-29 August 2024 in Shanghai, will gather over 500 suppliers from 15 countries. The event will feature key zones like the India Pavilion, Pakistan Zone, Chemical Fibre Zone, and Cotton Yarn Zone. Attendees can expect trend displays, forums, and product presentations, held alongside the Intertextile Shanghai Apparel Fabrics fair. Counting down 5 days to the fair’s opening in Shanghai, exhibitors, visitors and industry experts from near and far are pre

INSIGHTS Intertextile Apparel is launching its Econogy Hub to promote sustainability in textiles. The fair will feature seven eco-focused group pavilions, sustainable display areas, an ecoBoutique and innovations in the Digital Solutions Zone. Key initiatives include Econogy Finder, Econogy Talks and Econogy Tours. The fair will be held in Shanghai from 27-29 August. Aiming to advance the topic of sustainability in the textile industry and relate it closely to the demands of economic and soci