Fashion
ICE cotton dips as strong dollar, weak grains weigh on market
ICE’s most active December 2025 contract settled at 66.17 cents per pound (0.453 kg), down 0.47 cent—its fourth-lowest close of 2025. Other contracts ended 25–49 points lower.
ICE cotton futures fell, with December 2025 settling at 66.17 cents per pound, its fourth-lowest close this year, as a stronger US dollar made cotton costlier for overseas buyers and grain market weakness spilled over.
Oil prices jumped nearly 3 per cent, raising polyester costs and supporting cotton demand.
Traders await USDA’s Weekly Export Report for clarity on export activity.
The dollar gained against the yen, Swiss franc, and euro after Federal Reserve Chair Jerome Powell adopted a cautious stance on further easing. A stronger dollar index makes dollar-denominated cotton futures more expensive for holders of other currencies.
International oil prices climbed nearly 3 per cent on Wednesday, hitting a seven-week high. US crude inventories unexpectedly fell last week, while exports from Iraq, Venezuela, and Russia faced disruptions, raising supply concerns. Higher oil prices have lifted polyester costs, making cotton comparatively more attractive.
Trading volume stood at 25,380 contracts, down from 37,880 the previous day. ICE data showed that as of September 23, deliverable No. 2 cotton futures contract inventory remained unchanged at 15,474 bags.
The market continues to challenge US growers, with cash sales proving difficult for both buyers and sellers. However, buying interest has not disappeared, and inquiries have occasionally picked up. The USDA Weekly Export Report is expected to shed light on export demand.
Market analysts noted that CBOT grain futures are trending lower, with limited buying interest from both fundamental and speculative players. Chicago Board of Trade (CBOT) soybean futures also retreated amid concerns over weak US export demand.
Currently, ICE cotton for December 2025 is trading at 66.17 cents per pound (unchanged), cash cotton at 64.17 cents (down 0.47 cent), the October 2025 contract at 64.04 cents (down 0.49 cent), the March 2026 contract at 68.13 cents (up 0.02 cent), the May 2026 contract at 69.49 cents (up 0.01 cent) and the July 2026 contract at 70.49 cents (down 0.04 cent). A few contracts remained at their previous closing levels, with no trading recorded today.
Fibre2Fashion News Desk (KUL)
Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
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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