Fashion
ICE cotton declines on profit booking & higher acreage
The most traded May 2026 contract settled at 70.00 cents per pound, down 0.19 cent. The contract had touched a high level since December 2024 during the session. The contract failed to sustain above 70 cent per pound. December 2026 contract settled at 74.34 cents with loss of 27 points, showing pressure in the new crop due to higher expected supply.
ICE cotton futures eased after profit booking and higher-than-expected US acreage weighed on sentiment, with the May 2026 contract settling at 70 cents/lb.
Losses were limited by a weaker US dollar and firm crude oil.
Strong volumes and rising open interest signalled continued fund support, keeping the broader market trend resilient.
Market sentiment turned negative as acreage data came above trade expectations, triggering profit booking after recent sharp rally. USDA Prospective Plantings report was release on Monday. Despite bearish report, decline remained limited due to strong prior rally of 301points in last 5 sessions, indicating underlying strength. US cotton planting intention was 9.64 million acres, higher than expectation and 9.283 million actual in last year.
US Dollar Index declined by 0.3 per cent, making US cotton more competitive globally and partially offsetting bearish sentiment. Brent crude oil recorded strong monthly gains, increasing polyester production cost and supporting cotton demand as a substitute. Both external factors capped fall in US cotton prices.
Trading volume was 116,476 contracts, marking 13th highest volume day in history, indicating heavy participation. Open Interest was 345,654 contracts (+2,484), reflecting fresh long buildup and continued fund interest.
Speculative funds likely net buyers in 4 out of last 5 weeks, supporting price structure despite negative news. Notably, 7 of the top 13 highest volume trading sessions have occurred in 2026, highlighting exceptional market activity this year.
ICE certified deliverable stocks (No.2 cotton) were 114,665 bales, unchanged with no immediate pressure from physical supply.
Market achieved best monthly performance since February 2024, reflecting strong upward momentum in March this year. Also posted best quarterly gain since January 2024, confirming broader bullish trend despite short-term corrections.
Overall market tone remains slightly bearish in short term due to higher acreage, but downside limited by macro support, strong demand signals, and fund buying. Going forward, US weather conditions (especially Texas rainfall) and actual planting progress will be the key drivers for next trend direction.
This morning (Indian Standard Time), ICE cotton for May 2026 was traded at 69.92 cents per pound (down 0.09 cent), cash cotton at 68.00 cents (down 0.19 cents), the July 2026 contract at 72.00 cents (down 0.13 cent), the October 2026 contract at 74.16 cents (down 0.02 cent), the December 2026 at 74.14 cents (down 0.20 cent) and the March 2027 contract at 75.08 cents (down 0.23 cent)). A few contracts remained at their previous closing levels, with no trading recorded so far today.
Fibre2Fashion News Desk (KUL)
Fashion
US’ Reebok & GLDN PNT launch padel apparel collection
Padel, one of the world’s fastest-growing sports, has seen an explosion of participation and fan engagement in recent years. Recognizing the sport’s surging popularity and vibrant community, Reebok is stepping onto the padel court through a collaboration with GLDN PNT—a brand born from and built for the padel movement.
Reebok has partnered with GLDN PNT to launch a performance-driven padel apparel collection, tapping into the sport’s rapid global growth.
The range includes technical tees, tanks, bras and shorts designed for modern players, combining innovation, functionality and style, while strengthening Reebok’s presence in the fast-expanding padel community.
The Reebok x GLDN PNT collection features a range of high-performance apparel, including the ID Train Short Sleeve Tech Tee, Speed Racer Tank, ID Performance Tech Tee, ID Train Tri Back Bra, and WOR 9 in Woven Short. Each piece is designed with the modern padel player in mind, blending innovative materials, functional design, and bold style.
“Padel is more than a sport—it’s a global movement, and we’re thrilled to partner with Reebok to raise the bar for padel apparel,” said Scott London, Founder of GLDN PNT. “Our mission has always been to celebrate the culture and community of padel, and this collaboration gives us the reach and resources to inspire even more players around the world. We’re making the moment count—on and off the court.”
For Reebok, this partnership represents an opportunity to join the padel community in a meaningful and authentic way.
“Padel’s incredible growth represents the kind of energy and passion that Reebok has championed for decades,” said SVP of Reebok, Daniel Schachne. “By collaborating with GLDN PNT, a brand deeply rooted in the sport, we’re excited to deliver innovative performance apparel to padel athletes everywhere and support the vibrant community driving the sport forward.”
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)
Fashion
India extends RoSCTL scheme till Sept 2026 to support apparel exports
The extension comes at a time when exporters are facing heightened pressure from geopolitical uncertainties, volatile demand, and rising logistics and input costs. By continuing the scheme, the government aims to provide stability and cost support to the labour-intensive apparel sector.
The extension of RoSCTL till September 30, 2026, or until the next Finance Commission approval, provides interim policy clarity amid global demand and cost pressures. Continued structure and rates support pricing competitiveness for apparel exporters.
However, its temporary nature signals a likely recalibration of export incentives in the upcoming policy cycle.
The scheme will continue without any change to its structure, coverage, rates, or eligibility criteria, ensuring policy continuity for exporters. Rebates will be provided through transferable duty credit scrips in a fully digital format, supporting ease of use and faster processing.
To maintain fiscal discipline, expenditure under the scheme will be reviewed on a quarterly basis by an inter-ministerial committee. The government has also retained the flexibility to revise rates and caps depending on evolving conditions, while keeping eligibility norms unchanged.
Effective April 1, 2026, the extension provides interim visibility to exporters as the government works towards finalising a longer-term framework under the upcoming Finance Commission period.
Fibre2Fashion News Desk (KUL)
Fashion
US remains high-value market for China apparel exports
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