Fashion
ICE cotton dips as traders await WASDE & Fed meeting
The more active March 2026 cotton futures settled at 63.68 cents per pound, down 0.25 cents. The contract has shown a declining trend for the sixth consecutive day. The May 2026 contract fell 25 points, while the July 2026 contract eased 24 points. Other contracts closed mixed, fluctuating between 26 points lower and 23 points higher.
ICE cotton futures fell as traders turned cautious ahead of USDA’s WASDE report and Wednesday’s US Federal Reserve meeting.
The March 2026 contract dropped for a sixth straight day, settling at 63.68 cents.
Trading volume hit a 12-session high, while deliverable stocks declined.
Analysts expect only minor WASDE adjustments, with slightly weaker export estimates.
Total ICE trading volume rose to 40,884 contracts, the highest in 12 sessions. Friday’s cleared volume was 36,584. The December 2025 contract entered its final trading day with an exceptionally wide 2,055-point range between 60.79 and 81.34 cents per pound.
Market sentiment remained cautious due to profit-taking ahead of Wednesday’s US Federal Reserve meeting. Traders expect a strong likelihood of a rate cut, but rising US Treasury yields are weighing on market confidence.
The USDA WASDE update for the week ending December 9 is expected to show limited changes, with market analysts anticipating a slight downward revision in export estimates.
ICE deliverable No. 2 cotton stocks on December 5 fell to 13,971 bales from 15,585 bales. Major US stock indices also closed lower ahead of the Fed decision.
This morning (Indian Standard Time), ICE cotton for March 2026 was at 63.73 cents per pound (up 0.05 cent), cash cotton at 61.68 cents (down 0.25 cent), the December 2025 contract at 61.88 cents (down 0.25 cent), the May 2026 contract at 64.80 cents (up 0.04 cent), the July 2026 contract at 65.86 cents (up 0.06 cent), and the October 2026 contract at 66.57 cents (down 0.26 cent). A few contracts remained at their previous closing levels with no trading recorded so far today.
Fibre2Fashion News Desk (KUL)
At the sectoral level, RMG industry workers earn 19-22 per cent higher wage, reflecting stronger compliance regimes, formalised structures and higher skill intensity, the study by the Bangladesh Institute of Development Studies (BIDS) showed.
The findings of the study, conducted on 3,005 workers across 20 industries in three districts surrounding Dhaka, were recently shared at the Annual BIDS Conference on Development in Dhaka.
Readymade garment workers in Bangladesh who are part of trade unions earn 10 per cent higher gross wages than non-unionised RMG and non-RMG workers, a study by the Bangladesh Institute of Development Studies (BIDS) has revealed.
Meanwhile, climate change is affecting production in garment factories in Bangladesh as rising temperatures reduce worker productivity, another BIDS study found.
BIDS research director Mahmudul Hasan said empirical results show an overall unionisation rate of 11.35 per cent, according to domestic media reports.
While part of this differential is attributed to greater experience and tenure among union members, the wage premium remains positive and statistically significant even after controlling for these factors, he was cited as saying by domestic media reports.
Meanwhile, climate change is affecting production in garment factories in Bangladesh as rising temperatures reduce worker productivity, another BIDS study found.
BIDS research associate Kazi Zubair Hossain said annual productivity growth in the garment sector reached 4.19 per cent between 2014 and 2023 due to technological improvements.
The study noted that climate refugees are increasingly taking up jobs in the garment sector. As their numbers rise, more may enter the workforce, which “may have negative impacts on wages”.
The study said climate pressures could heighten gender-based violence and harassment as productivity falls and socio-economic vulnerability increases.
Pressures to cut emissions may support environmental improvements in factories, although the shift to green energy in Bangladesh remains slow, it added.
Fibre2Fashion News Desk (DS)
Published
December 11, 2025
Tommy Hilfiger has announced the appointment of Sergio Pérez as its new global menswear ambassador, reinforcing its long-standing relationship with Formula 1 and its standing at the intersection of sport, style and contemporary culture.
The announcement comes in the run-up to the 2026 season, when the Mexican driver will return to the grid with the Cadillac Formula 1 team, with Tommy Hilfiger as the team’s official kit partner.
“We have long championed drivers’ freedom to express themselves through style and, as Formula 1 continues to embrace fashion and entertainment, its stars have become truly global figures,” said Tommy Hilfiger.
He added that Pérez, an icon in Mexico and an international fan favourite, is a figure capable of inspiring new generations with his talent, confidence and personality.
From Pérez’s perspective, the collaboration also reflects the paddock’s cultural evolution.
“Tommy brought style to the paddock and gave drivers the confidence to show who they are away from the track. He has always been at the centre of the action,” Pérez said.
He explained that returning to competition with the brand marks a new chapter he embraces with enthusiasm and commitment, aligned with his preparations for the next sporting cycle.
The partnership encompasses menswear collections, fan merchandise inspired by the world of racing, timepieces, and participation in the brand’s campaigns and events.
Tommy Hilfiger adds Pérez to its line-up of athletes with global cultural impact, at a time when Formula 1 is extending its influence into image, consumer culture and fashion.
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Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
December 11, 2025
Italian luxury group Brunello Cucinelli on Wednesday raised its revenue growth forecast for the current year, with it now expecting an increase of between 11% and 12% at constant exchange rates, while confirming its outlook for a 10% rise in 2026.
In October the company had forecast revenues would increase by around 10% in both 2025 and 2026.
Fourth-quarter sales are expected to post double-digit growth at constant exchange rates, in line with the third quarter’s trend, which saw a 12.5% increase, the group said.
© Thomson Reuters 2025 All rights reserved.
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