Fashion
ICE cotton edges higher on stable demand, lower production outlook
The most actively traded March cotton contract rose 0.50 cents, or 0.78 per cent, to settle at 64.91 cents per pound, marking its second-highest close of the past month. The December-27 contract ended one point lower, while all other contract months gained between two and 59 points.
ICE cotton futures strengthened after the USDA’s World Agricultural Supply and Demand Estimates (WASDE) cut US and global stocks while keeping demand steady.
A weaker dollar lifted commodity markets, helping cotton hold gains.
March contracts traded near monthly highs, though traders remain cautious as export demand and global consumption trends still lack strong visibility.
Total trading volume reached 72,016 contracts, including 53,794 contracts carried over from Friday. Average daily volume last week was 66,350 contracts, reflecting solid market participation.
The USDA kept US beginning stocks, consumption, exports and imports unchanged, but cut US cotton production by 350,000 bales to 13.92 million bales and reduced US ending stocks by 300,000 bales to 4.2 million bales.
World ending stocks fell by 1.49 million bales, with India’s ending stocks down by 1.2 million bales and Australia’s by 200,000 bales, while China’s ending stocks increased by 500,000 bales.
Market analysts described the report as “friendly”, noting that the 350,000-bale production cut was about double what had been expected and that it was also a surprise that the US export forecast was not reduced. Despite the supportive USDA data, the cotton market continued to show mixed signals, with prices struggling to build strong upward momentum.
The US dollar fell sharply after reports that the US Department of Justice had issued a grand jury subpoena on January 9 and opened a criminal investigation into Federal Reserve Chairman Jerome Powell over the Federal Reserve headquarters renovation project. As the dollar weakened, commodity markets surged across the board, with gold breaking through a record $4,600 per ounce, NYMEX crude oil climbing to a more than five-week high, and Brent crude closing at a near eight-week high on worries over a possible decline in Iranian exports. Broad-based strength in commodities helped cotton hold on to, and extend, its gains.
This morning, in Indian Standard Time, ICE cotton for March 2026 was settled at 65.10 cents per pound, up 0.19 cent. Cash cotton stood at 62.66 cents, up 0.50 cent, the May 2026 contract at 66.60 cents, up 0.16 cent, the July 2026 contract at 68.01 cents, up 0.15 cent, the October 2026 contract at 68.43 cents, down 0.59 cent, and the December 2026 contract at 69.33 cents, up 0.06 cent. A few contracts remained at their previous closing levels, with no trading recorded so far 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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