Fashion
ICE cotton slips as weak US stocks, grains pressure market
ICE December cotton futures settled at 64.54 cents per pound, down 0.69 cents.
ICE cotton futures declined amid weakness in US stocks and grains, with traders awaiting the USDA’s supply and demand report due on November 14, 2025.
Technology and AI-related stock losses and uncertainty around President Trump’s tariff policies further dampened sentiment.
Brazil’s October cotton exports rose 5 per cent year-on-year, while ICE deliverable inventories remained steady at 13,749 bales.
Market analysts noted that the fall in the stock market was the primary driver behind the decline. Weakness in grain prices added further pressure on cotton values. US stocks closed lower on Thursday, extending losses from earlier in the week. Technology and AI-related stocks led the declines due to concerns about overvaluation and economic uncertainty.
The US Supreme Court heard arguments challenging President Trump’s broad tariff policies, heightening global trade concerns. US Trade Representative Greer stated that some plaintiffs could receive refunds if the court rules against the tariffs, subject to Treasury’s scheduling.
CBOT soybean futures fell sharply as optimism over renewed demand weakened following signs of easing trade tensions.
Traders are now focused on the USDA’s delayed monthly supply and demand report, scheduled for release on November 14, 2025. Despite the ongoing US government shutdown, the USDA confirmed it is collecting survey data for upcoming crop yield reports.
Brazil’s cotton exports totalled 293,928.51 tons in October, up 5 per cent year-on-year, with daily shipments averaging 13,360.39 tons, also up 5 per cent.
ICE data showed deliverable No. 2 cotton futures inventory unchanged at 13,749 bales as of November 05, 2025.
This morning (Indian Standard Time), ICE cotton for December 2025 traded at 64.66 cents per pound (up 0.12 cent), cash cotton at 62.04 cents (down 0.69 cent), the March 2026 contract at 65.90 cents (up 0.13 cent), the May 2026 contract at 67.11 cents (up 0.13 cent), the July 2026 contract at 68.07 cents (unchanged), and the October 2026 contract at 68.08 cents (down 0.51 cent). A few contracts remained at their previous closing levels, with no trading recorded so far today.
Fibre2Fashion News Desk (KUL)
Fashion
MBFWMadrid to extend its March 2026 edition to five days and feature 30 designers
By
Europa Press
Published
December 23, 2025
Mercedes-Benz Fashion Week Madrid (MBFWMadrid), the showcase organised by Ifema with the support of Madrid City Council, will extend its next edition to five days, running from March 18 to 22, 2026, to accommodate the large number of designers.
The event will add an extra day of catwalk shows after receiving a record number of applications, allowing more proposals to be included in the official schedule, according to Ifema in a statement, which also confirms that 30 designers will present their autumn-winter collections.
The expanded schedule “reinforces the growth momentum” that MBFWMadrid is experiencing and “consolidates its position as the benchmark platform for Spanish design,” the organisation noted.
The decision was agreed by the MBFWMadrid Fashion Committee, a key body in the platform’s “transformation and strategic repositioning” process. This committee is made up of professionals from fashion, luxury, communications and business, together with the event’s management.
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Fashion
RM Williams arrives in Edinburgh for first Scottish store
Published
December 23, 2025
Australian bootmaker RMWilliams has opened its first store in Scotland, “marking a significant milestone in the brand’s UK journey” with the Edinburgh store deemed as its first opening of 2026.
Situated in the heart of the city centre, the new George Street store “brings nearly a century of Australian craftsmanship to one of Scotland’s most established and prestigious retail addresses… sitting among architecture defined by endurance, precision and longevity, which are values long shared by RM Williams”.
Designed by Melbourne-based design studio ACRD, the space “balances restraint, craftsmanship and timeless design, with a focus on quality and subtle references to both Australian and Scottish traditions of making”.
The Edinburgh store “presents a considered expression of the RM Williams world”, offering a range of key services including boot fitting, ongoing repair and restoration processes, complimentary boot polishing, plus embossing or debossing to personalise purchases.
Conceived as a “craft space”, the store offers insight into RM Williams’ approach to “making, highlighting materials, construction and finishing details, and reinforcing the brand’s belief in physical retail as a place for craftsmanship, service and storytelling”.
Karl Wederell , general manager of UK & Europe, said: “Customers from Scotland, and Edinburgh in particular, have supported RM Williams for many years so strategically, it feels right to be opening our first Scottish store.”
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Fashion
China keeps key lending rates steady in Dec amid policy continuity
The LPR framework reflects financing costs for businesses and serves as a key transmission channel for monetary policy. Although benchmark rates have remained unchanged since June 2025, borrowing costs in the real economy have continued to ease, as per Chinese media reports.
China’s benchmark lending rates stayed unchanged in December, with the one-year LPR at 3 per cent and the over-five-year rate at 3.5 per cent, signalling policy continuity.
Despite stable benchmarks since June 2025, financing costs eased, with new corporate loan rates averaging 3.1 per cent in November.
Authorities plan a more proactive fiscal stance and moderately loose monetary policy in 2026.
In November, the weighted average interest rate for newly issued corporate loans fell to 3.1 per cent, around 30 basis points lower than a year earlier.
China plans to adopt a more proactive fiscal stance together with a moderately loose monetary policy in 2026, as outlined at the Central Economic Work Conference held earlier this month.
Fibre2Fashion News Desk (SG)
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