Fashion
ICE cotton futures ease as harvest progress matches 5-year average
ICE’s most active December 2025 contract settled at 66.22 cents per pound (0.453 kg), down 0.07 cent. The contract hit an intraday low of 66.11 cents, its weakest level since September 8. Other contracts closed between 62 points lower and 4 points higher.
ICE cotton futures slipped after touching a two-week low, with December 2025 settling at 66.22 cents per pound.
Improved US harvest progress, now at 12 per cent, and weak grain markets pressured sentiment, partly offset by a softer US dollar.
Analysts said demand remains steady, but traders stay cautious ahead of peak harvest.
Brazil’s September exports fell 13.61 per cent year-on-year.
A weaker US dollar, which ended a three-day winning streak against the euro and Swiss franc, lent some support to cotton. However, falling crude oil prices exerted downward pressure, as lower polyester production costs weighed on sentiment.
Total trading volume stood at 32,669 contracts, compared with 27,722 on Friday. Average daily volume for the week was 32,928 contracts. CFTC data showed speculators cut net short positions by 9,139 contracts, leaving 65,507 contracts short as of September 16. ICE-certified deliverable cotton stocks were unchanged at 15,474 bales as of September 19.
US harvest progress reached 12 per cent, up from 9 per cent last week and matching the five-year average, though slightly behind 13 per cent last year. USDA’s weekly crop progress report pegged cotton quality at 47 per cent, down from 52 per cent last week but above 37 per cent a year earlier.
Analysts said demand expectations remain decent, but traders are cautious ahead of the main harvest.
Brazil’s Secex reported exports of 104,616.47 tons in the first three weeks of September, averaging 6,974.43 tons per day, down 13.61 per cent from last year’s 8,073.20 tons per day.
US stock markets saw all three major indices hit record highs for the third consecutive day, supported by an interest rate cut and expectations of further easing in 2025. Wheat futures hit a new contract low on uncertainty over Chinese demand, while CBOT soybean futures fell to a six-week low amid a weak US export outlook.
Currently, ICE cotton for December 2025 is trading at 66.16 cents per pound (down 0.06 cent), cash cotton at 64.22 cents (down 0.07 cent), the October 2025 contract at 64.32 cents (down 0.62 cent), the March 2026 contract at 68.08 cents (down 0.10 cent), the May 2026 contract at 69.49 cents (down 0.08 cent) and the July 2026 contract at 70.59 cents (down 0.01 cent). A few contracts remained at their previous closing levels, with no trading recorded today.
Fibre2Fashion News Desk (KUL)
While trends in high frequency indicators for January-February 2026 appear favourable, the heightened uncertainty around the duration of the Middle East conflict casts a shadow on the near-term macroeconomic outlook for India amid high import dependency for items like crude oil, natural gas and fertilisers, it noted.
India’s FY27 GDP growth is likely to slow to 6.5 per cent from the projected 7.5 per cent in FY26 owing to the impact of higher energy prices and concerns around energy availability, ICRA Ratings said.
The heightened uncertainty around the duration of the Iran war casts a shadow on the near-term macroeconomic outlook for India.
If the conflict lasts longer, the adverse effects could widen across sectors.
If the conflict lasts for an extended period, the adverse implications of the same could widen across sectors, amid an uptick in input costs and the consequent impact on profitability of the India corporate sector.
Amid the projected uptrend in the consumer price index-based inflation in FY27 with risks tilted to the upside, ICRA Ratings expects an extended pause on the policy rates by the central bank’s monetary policy committee in the fiscal despite the anticipated softening in the GDP growth. However, it expects the Reserve Bank of India to continue to intervene on the liquidity front during FY27.
The available data for January–February FY2026 indicate a positive trend across most non-agricultural indicators, with the year-on-year performance of 12 out of 18 indicators improving compared to the third quarter of FY26, while the remaining six deteriorated.
Fibre2Fashion News Desk (DS)
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
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Methanol prices in India have surged nearly 150 per cent from pre-Iran–US tension levels, tracking a sharp rise in crude oil and tightening global energy markets.
Hormuz disruption risks, limited rerouting capacity, rising freight and insurance costs, and constrained imports are fuelling volatility, with prices seen approaching ₹90 per kg.
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