Fashion
ICE cotton falls as strong dollar, US data halt weigh on sentiment
ICE December cotton futures settled at 64.47 cents per pound, down 0.44 cents or 0.70 per cent.
ICE cotton futures extended losses as a stronger US dollar dampened overseas demand, and the ongoing US government shutdown halted key USDA data releases.
December futures settled at 64.47 cents per pound, down 0.70 per cent.
Meanwhile, China’s NDRC announced 2026 cotton import quotas of 894,000 tons, balancing domestic supply through flexible allocation between state and non-state trade.
The US Dollar Index climbed to a two-month high, making dollar-denominated cotton futures relatively more expensive for buyers using other currencies. The strong dollar continues to act as a dominant factor suppressing cotton’s upward momentum.
Trading volumes remained moderate as investors monitored currency movements and the impact of the government shutdown. Data from ICE showed that as of October 8, deliverable stocks under ICE’s No. 2 cotton futures contract stood at 16,471 bales, down from 17,891 bales the previous day—reflecting a modest drawdown in certified inventories.
Market analysts noted that cotton has been moving almost exactly opposite to the dollar over the past few weeks, a trend expected to continue. As long as the dollar remains strong, cotton prices are unlikely to rise significantly.
In addition to currency effects, traders are evaluating the impact of the US government shutdown, which has halted the release of key agricultural data from the US Department of Agriculture (USDA).
According to the USDA’s official website, due to the shutdown, the department will suspend publication of its monthly World Agricultural Supply and Demand Estimates (WASDE) report until further notice. The WASDE report is a vital source of market insight into global cotton demand, production, and ending stocks.
The USDA’s weekly Crop Progress and Export Sales reports have also been temporarily suspended, limiting access to up-to-date market information for traders and analysts.
Meanwhile, on the global front, China’s National Development and Reform Commission (NDRC) has released detailed regulations governing cotton import tariff quotas for 2026. The total quota has been set at 894,000 tons, with 33 per cent allocated to state-owned trade and the remaining 67 per cent available for non-state trade.
According to the NDRC notice published by the Securities Times, the allocation rules allow enterprises to determine trade methods independently, without restrictions on import mechanisms or timing. This policy aims to enhance flexibility in cotton import management while maintaining balance in domestic market supply.
In summary, the ICE cotton market on October 9 remained under pressure from a strengthening US dollar and the absence of key USDA data amid the government shutdown, leading to a downward close for December futures.
Currently, ICE cotton for December 2025 is trading at 64.38 cents per pound (down 0.09 cent), cash cotton at 61.97 cents (down 0.44 cent), the March 2026 contract at 66.25 cents (down 0.09 cent), the May 2026 contract at 67.62 cents (down 0.04 cent), the July 2026 contract at 68.75 cents (down 0.08 cent) and the October 2026 contract at 68.39 cents (down 0.30 cent). A few contracts remained at their previous closing levels, with no trading recorded today.
Fibre2Fashion News Desk (KUL)
Published
January 16, 2026
Pierpaolo Piccioli seems intent on exploring how far the relationship between sport and tailoring can be pushed. On Thursday, the French fashion house unveiled and launched for sale, on its website and in its boutiques, a collaboration with the NBA, the U.S. basketball league. At the same time, ahead of the Milan and Paris Fashion Weeks, it presented its lookbook for Autumn 2026.
“I believe that sport is one of the most powerful ways of expressing values such as excellence, integrity and respect. On a pitch or court, people from different backgrounds, cultures and abilities come together under the same rules and with the same goals,” said the creative director of the Kering group house, in a press release.
“This shared space creates a heightened sense of connection and focus, reminding us of the discipline, commitment and intensity that define sport at its highest level.”
For the NBA line, that commitment is expressed through key sportswear pieces reinterpreted in materials such as leather, satin, cotton poplin and Japanese denim, and, in addition to black, in the NBA’s historic colours: red, blue and white. The brand adopts sporting codes by marking T-shirts and coach jackets with the number 10, a nod to the address of its headquarters on Avenue George V in Paris, or with a stylised “B” on the back or over the heart.
But sport permeates the Balenciaga universe well beyond this. The brand’s Autumn 2026 proposal, captured in the streets and métro of Paris by photographer Robin Galiegue, explores the potential of imposing tailored pieces, echoing the house’s past designs, such as cashmere capes and neo-gazar coats, which the creative director is working to revive.
Today, Piccioli goes further and pairs them with techwear pieces. Heavy wool coats and oversized leather jackets are worn over a shorts-and-leggings duo crafted from Probody fabric, which offers moisture-wicking, breathability and antibacterial properties. In the age of wellbeing, this trend runs through most of the looks in the Autumn 2026 collection.
The designer has not forgotten the importance of accessories, either. While these creations are designed for training or yoga, they are also accompanied by a new bag model, the 7, patinated crystal jewellery and exceptional shoes from a collaboration with Manolo Blahnik.
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Copyright © 2026 FashionNetwork.com All rights reserved.
By
Bloomberg
Published
January 15, 2026
Xreal Inc., a Chinese pioneer in smart glasses, is suing Viture Inc. for patent infringement in the US, arguing its rival has unfairly capitalized on Xreal’s extensive research and investment in the segment.
The lawsuit, filed Thursday in federal court in eastern Texas, accuses San Francisco-founded Viture of unlawfully incorporating Xreal’s patented inventions into smart glasses such as the Luma Pro, Luma Ultra, and a high-end pair called The Beast.
Both Xreal and Viture manufacture augmented reality, or AR, glasses that plug into devices like smartphones and laptops, offering viewers a large virtual display for watching movies or handling productivity tasks. Technical specifications like display resolution and field of view- the size of the augmented world you can see at any given time- are often very similar between the two brands.
Their US legal battle comes ahead of what is expected to be a pivotal moment for the segment, with Apple Inc. expected to make its category debut as soon as this year, Bloomberg has reported.
Xreal holds over 800 patent and patent applications worldwide, including dozens in the US and Europe, it said in a statement Thursday announcing the lawsuit. “By comparison, Viture owns approximately or fewer than 70 patent and patent applications globally, with none in the United States or Europe,” it added.
“The lawsuit is not merely about enforcing a single patent,” Xreal said in the statement. “It is about stopping a pattern of intellectual property infringement that undermines the integrity of innovation and endangers continued technological development in this industry.”
Xreal holds more global market share than Viture in the AR eyewear category, according to research firm IDC. But both companies lag far behind Meta Platforms Inc., which has come the closest to mainstream success with its Ray-Ban line of smart glasses.
At the CES technology trade show earlier this month, Xreal unveiled a new entry-level pair of glasses and a co-branded set of glasses developed with Taiwan’s Asustek Computer Inc. It also announced that it’s extending a partnership with Alphabet Inc.’s Google.
Xreal said in the statement that these and other collaborators are “owed confidence that their co-developed products will not also be threatened by infringers attempting to benefit from infringement or undermined by unauthorized usage of IP.”
Published
January 15, 2026
Designer Soshi Otsuki won himself a huge ovation at the key gala show of Pitti Uomo on Thursday after presenting a brilliant collection that celebrated classic western tailoring, even as it subverted its codes.
A tour de force of draping, cutting, and silhouette, this fall 2026 collection from his brand Soshiotsuki was definitely a major fashion statement.
In a moment of volume in menswear, Otsuki opened the action with a perfectly judged trio of to-die-for double-breasted suits with peak lapels in crepe and fine wool in various shades of grey- cement, mud, or dove.
He cut his jackets to end well below the hip and his trousers were something else. Made with a half-dozen front pleats, they were elephantine but never outrageous. Otsuki is such a great natural tailor, the exaggeration merely added to the elegance.
Soshi is no slouch when it comes to leather either. From his copper-hued leather rock god suit to his cocoon style leather bomber jacket. And, just when you thought he was playing a little too safe, he sent out some fab jeans, so degraded they almost looked moth-eaten. Tokyo street style meets sartorial Italian.
Playing on couture techniques, the designer also whipped up several bias-cut green corduroy blazers and suits marrying Japanese eccentricity and British aplomb.
The show was the latest Italian/Japanese marriage at this edition of Pitti that began with a Sebiro Sanpo tailoring association Japanese suit march inside the Fortezza da Basso, the giant fortress where the salon is staged. Remarkably, Otsuki has never actually studied suiting formally, but he somehow understands it instinctively.
The soundtrack, culled from composer Joe Hisaishi’s soundtrack to Takeshi Kitano’s 2000 gangster movie Brother, featured a beautifully yearning saxophone solo. It would have felt just right for one of Douglas Sirk’s 1950s melodramas starring Rock Hudson. One almost expected Rock to take the final passage.
Presented inside the beautiful Refetterio Santa Maria della Novella, a looming Gothic refectory at the back of the legendary Renaissance Basilica, this was a bravura display.
Altogether, a bases loaded, home run, smash hit collection. One could say it felt like a star is born moment in menswear, except that Soshi Otsuki was already acclaimed. He is the latest winner of the LVMH Prize.
Talk about backing up winning an award with a great fashion statement.
Copyright © 2026 FashionNetwork.com All rights reserved.
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