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ICE cotton ticks higher on crude oil rally

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ICE cotton ticks higher on crude oil rally



ICE cotton futures closed marginally higher yesterday. Stronger soybean prices and rising crude oil supported cotton. Higher crude oil prices make polyester, a man-made alternative to cotton, more expensive. However, traders remained cautious ahead of key data releases and the first notice day of the March 2026 contract.

The most actively traded May cotton contract rose 0.38 cent to settle at 64.14 cents per pound. All cotton contracts closed higher for the first time since January 27, posting gains ranging from 1 to 38 points.

ICE cotton futures closed marginally higher, supported by stronger soybean and crude oil prices, which reduced polyester’s cost competitiveness.
May contract settled at 64.14 cents per pound.
Trading volumes eased, while open interest declined for a ninth session.
USDA projections indicate a tighter 2026–27 global balance, with lower output, higher consumption and reduced ending stocks.

Crude oil climbed around 2 per cent to a six-month high amid tensions in the Middle East. Stronger crude prices could reduce polyester’s relative cost competitiveness, potentially offering marginal support to cotton demand.

Total trading volume was 66,490 contracts, the lightest since January 29. Cleared volume from the previous session stood at 79,290 contracts.

Global cotton markets are expected to tighten in the 2026–27 season, with production projected to decline while consumption rises, shifting the balance towards a deficit, according to projections presented at the USDA’s 102nd Agricultural Outlook Forum. World cotton production is forecast to fall by about 3 per cent to 116.0 million bales, while consumption is expected to increase to 120.1 million bales. As a result, global ending stocks are projected to decline to 71.2 million bales under the new outlook scenario.

For the US, the outlook indicates planted area of 9.4 million acres and production of 13.6 million bales. Exports are projected at 12.2 million bales, with ending stocks estimated at 4.2 million bales.

In futures market activity, liquidation in the March 2026 contract continued ahead of the first notice day, with trading volume reaching 15,340 contracts and exceeding the open interest of 14,053 contracts, signalling active position exits and rollovers. Certified cotton stocks increased for the 13th consecutive reporting period to 117,075 bales, up by 2,565 bales, with no bales currently awaiting review.

Overall open interest declined for the ninth straight session, falling by 10,187 contracts to 328,448, extending a cumulative nine-session drop of 57,970 contracts following a prolonged earlier build-up. In contrast, open interest in the May contract rose for the 20th consecutive session to 173,427 contracts, ahead of its first notice day scheduled for April 24.

Market participation is also expected to broaden as China’s Zhengzhou Commodity Exchange cotton futures resume trading on February 24 after the Lunar New Year holiday. Analysts indicated that cotton prices are currently trading sideways as investors roll positions and await end-March US planting intentions data, with much of the bearish news already reflected in prices.

Among related commodities, soybean prices extended gains for a third consecutive session, hovering near three-month highs.

This morning (Indian Standard Time), ICE cotton for May 2026 was trading at 64.32 cents per pound (up 0.18 cent), cash cotton at 62.14 cents (up 0.38 cent), the March 2026 contract at 62.12 cents (up 0.19 cent), the July 2026 contract at 65.92 cents (up 0.19 cent), the October 2026 contract at 67.53 cents (up 0.22 cent), and the December 2026 contract at 68.37 cents (up 0.10 cent). A few contracts remained at their previous closing levels, with no trades recorded so far today.

Fibre2Fashion News Desk (KUL)



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Gap & Awake NY to launch ’90s-inspired streetwear line

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Gap & Awake NY to launch ’90s-inspired streetwear line



Gap is teaming up with Awake NY, the New York-based brand founded by Queens native Angelo Baque, on a collection for adults and kids launching March 27. Inspired by the Gap archives and rooted in ’90s streetwear culture, the Gap × Awake NY collection is a tribute to the energy, ethos, and people of New York.

The collaboration reimagines everyday streetwear staples — sweats, utility wear, tees, denim, and accessories — with a bold, graphic-driven sensibility that is unmistakably New York. Brought to life through Awake NY’s distinct style, the collection and campaign reflect the rich diversity that has defined the city’s cultural landscape, reimagining Gap’s most-loved essentials through Awake NY’s contemporary lens.

Gap is partnering with Awake NY on a cross-generational streetwear collection for adults and kids, set to launch on March 27, 2026.
Inspired by Gap’s archives and 1990s New York City culture, the collection reinterprets classic staples with bold graphics.
It celebrates diversity, family and the city’s creative communities through a campaign featuring local artists and founders.

“Gap has always stood for self-expression and modern American style,” said Mark Breitbard, President and CEO, Gap brand. “Partnering with AWAKE is one of the ways we’re bringing our heritage into today’s cultural conversation. By blending their New York perspective with our iconic roots, we’re celebrating individuality and continuing to show up in unexpected places.”

The Gap × Awake NY campaign, shot by Elissa Salas and HIDJI WORLD, celebrates the cross-generational ties of families of all kinds — from those we’re born into to the ones we create. The campaign features an ensemble of New York creatives, including Angelo Baque and his family, the team behind Frenchette, Potluck Club co-owner Cory NG, artists Planta Industrial, and other local creators who embody the self-expression and storytelling at the heart of the collaboration.

“Growing up in Queens in the ’90s, Gap was part of the everyday uniform — democratic, effortless, and for everyone,” said Angelo Baque, Founder and Creative Director of Awake NY. “This collaboration is about honoring that era of New York — the creativity, the diversity, the families and communities that shaped how we dressed and expressed ourselves. Partnering with Gap, and its global scale and reach, allows us to bring that New York energy to audiences everywhere. Reinterpreting Gap’s icons through the lens of Awake NY brings it full circle.”

The collection brings Awake NY’s signature graphic treatments and statement-making design perspective to nostalgic Gap essentials — spanning logo and heavyweight GapSweats fleece, reimagined denim, and cargo silhouettes. Pops of color, bold polka dots and colorful plaids energize the assortment, alongside an athletic-inspired jersey, a limited-edition ‘47 Brand Gap × Awake NY New York Mets hat, and an exclusive co-branded blanket. Prices range from $18–268.

The Gap × Awake NY collection launches Friday, March 27 at 12 p.m. ET / 9 a.m. PT on gap.com and at select Gap stores, including:

  • The Grove at Farmers Market – Los Angeles
  • Garden State Plaza – Paramus, NJ
  • 2 Folsom Street – San Francisco
  • Times Square – New York
  • Flatiron – New York
  • Limited styles available at Awake NY’s flagship store
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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India’s major ports handle record 915 MT cargo in FY 2025-26

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India’s major ports handle record 915 MT cargo in FY 2025-26



Major Indian ports have handled a record 915.17 million tonnes (MT) of cargo in FY 2025-26, surpassing the annual target of 904 MT and registering a 7.06 per cent year-on-year (YoY) growth. The achievement highlights improved efficiency, infrastructure modernisation, and sustained recovery in the maritime sector, according to the Ministry of Ports, Shipping and Waterways.

Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, said, “The record cargo handling of over 915 million tonnes by our major ports is a testament to the government’s unwavering commitment to strengthening India’s maritime sector. We are building world-class port infrastructure, improving efficiency, and enabling seamless logistics to support India’s growing economy.”

Among the ports, Deendayal Port Authority led with 160.11 MT, followed by Paradip Port Authority at 156.45 MT and Jawaharlal Nehru Port Authority (JNPA) at 102.01 MT. Other major contributors included Visakhapatnam, Mumbai, Chennai, and New Mangalore ports. In terms of growth, Mormugao Port Authority recorded the highest increase at 15.91 per cent, followed by Kolkata Dock System at 14.28 per cent and JNPA at 10.74 per cent, the ministry said in a press release.

India’s major ports handled a record 915.17 MT of cargo in FY 2025-26, exceeding the 904 MT target and growing 7.06 per cent YoY, according to the Ministry of Ports, Shipping and Waterways.
The rise was driven by infrastructure upgrades, digitalisation, and improved logistics, with Deendayal, Paradip and JNPA leading volumes.
Strong gains were seen in Mormugao and Kolkata ports.

The growth has been supported by capacity expansion, enhanced multimodal connectivity, digitalisation initiatives, and increased handling of commodities such as coal, crude oil, containers, fertilisers, and petroleum, oil, and lubricants (POL). Improved turnaround time and ease of doing business have also contributed to higher cargo volumes.

The ministry continues to focus on port-led development, logistics integration, and sustainability under the Maritime Amrit Kaal Vision 2047, aiming to strengthen India’s position in global trade.

Fibre2Fashion News Desk (JP)



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Turkiye’s apparel exports ease 2.8% in Jan-Feb 2026

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Turkiye’s apparel exports ease 2.8% in Jan-Feb 2026




Turkiye’s apparel exports fell 2.88 per cent YoY to $2.599 billion in January-February 2026, pressured by weak EU demand, which accounts for nearly 70 per cent of shipments.
Knitted exports dipped 1.6 per cent, while woven declined 4.6 per cent.
Rising costs and currency volatility continue to erode competitiveness, extending a three-year export decline trend.



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