Fashion
ICE cotton ends higher on weak dollar, but weekly loss persists
ICE December cotton futures settled at 65.30 cents per pound, up 0.21 cent (0.3 per cent). The March contract, however, dropped 1.7 per cent (110 points), hitting its lowest level since May 30, 2025. March and May contracts closed higher by 14–21 points on the day but were 41–109 points lower on a weekly basis.
ICE cotton futures closed higher supported by a weaker US dollar, which made the fibre cheaper for overseas buyers.
However, prices still posted weekly losses amid uncertainty from the US government shutdown that has stalled USDA reports and pressured markets.
December settled at 65.30 cents/lb, up 0.21 cent, while March dropped 1.7 per cent to its lowest since May 2025.
Daily trading volume on October 3 was 40,408 contracts, compared to 42,492 in the previous session. The average daily volume for the week stood at 49,878 contracts, indicating slightly lower trading interest compared to the weekly average.
The US dollar index retreated, extending its multi-week decline against major currencies. A weaker dollar typically supports dollar-denominated commodities such as cotton by making them cheaper for holders of other currencies. Analysts noted that the weaker dollar makes cotton purchases more affordable.
The US government shutdown began on October 1, 2025, after the federal government ran out of funding. On October 3, the US Senate again failed to pass a temporary funding bill, rejecting both Democratic and Republican proposals. The shutdown has added uncertainty to financial and commodity markets. No USDA reports were released during the shutdown, delaying critical crop and export data. Analysts expect sideways market movement until the shutdown is resolved.
USDA’s weekly crop progress for the week ending September 28, 2025, showed 16 per cent of the US cotton crop harvested, up from 12 per cent the previous week. This compares to 19 per cent at the same time last year and a five-year average of 16 per cent. Crop condition was rated 47 per cent good-to-excellent, unchanged from the previous week but significantly higher than 31 per cent last year.
Short-term price volatility is expected to persist until government funding is restored and key agricultural data is released.
Currently, ICE cotton for December 2025 is trading at 65.30 cents per pound (up 0.21 cent), cash cotton at 62.80 cents (down 0.29 cent), the October 2025 contract at 62.86 cents (up 0.21 cent), the March 2026 contract at 67.19 cents (up 0.15 cent), the May 2026 contract at 68.50 cents (up 0.14 cent) and the July 2026 contract at 69.58 cents (up 0.15 cent).
Fibre2Fashion News Desk (KUL)
Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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