Fashion
ICE cotton falls as strong dollar, US data halt weigh on sentiment
ICE December cotton futures settled at 64.47 cents per pound, down 0.44 cents or 0.70 per cent.
ICE cotton futures extended losses as a stronger US dollar dampened overseas demand, and the ongoing US government shutdown halted key USDA data releases.
December futures settled at 64.47 cents per pound, down 0.70 per cent.
Meanwhile, China’s NDRC announced 2026 cotton import quotas of 894,000 tons, balancing domestic supply through flexible allocation between state and non-state trade.
The US Dollar Index climbed to a two-month high, making dollar-denominated cotton futures relatively more expensive for buyers using other currencies. The strong dollar continues to act as a dominant factor suppressing cotton’s upward momentum.
Trading volumes remained moderate as investors monitored currency movements and the impact of the government shutdown. Data from ICE showed that as of October 8, deliverable stocks under ICE’s No. 2 cotton futures contract stood at 16,471 bales, down from 17,891 bales the previous day—reflecting a modest drawdown in certified inventories.
Market analysts noted that cotton has been moving almost exactly opposite to the dollar over the past few weeks, a trend expected to continue. As long as the dollar remains strong, cotton prices are unlikely to rise significantly.
In addition to currency effects, traders are evaluating the impact of the US government shutdown, which has halted the release of key agricultural data from the US Department of Agriculture (USDA).
According to the USDA’s official website, due to the shutdown, the department will suspend publication of its monthly World Agricultural Supply and Demand Estimates (WASDE) report until further notice. The WASDE report is a vital source of market insight into global cotton demand, production, and ending stocks.
The USDA’s weekly Crop Progress and Export Sales reports have also been temporarily suspended, limiting access to up-to-date market information for traders and analysts.
Meanwhile, on the global front, China’s National Development and Reform Commission (NDRC) has released detailed regulations governing cotton import tariff quotas for 2026. The total quota has been set at 894,000 tons, with 33 per cent allocated to state-owned trade and the remaining 67 per cent available for non-state trade.
According to the NDRC notice published by the Securities Times, the allocation rules allow enterprises to determine trade methods independently, without restrictions on import mechanisms or timing. This policy aims to enhance flexibility in cotton import management while maintaining balance in domestic market supply.
In summary, the ICE cotton market on October 9 remained under pressure from a strengthening US dollar and the absence of key USDA data amid the government shutdown, leading to a downward close for December futures.
Currently, ICE cotton for December 2025 is trading at 64.38 cents per pound (down 0.09 cent), cash cotton at 61.97 cents (down 0.44 cent), the March 2026 contract at 66.25 cents (down 0.09 cent), the May 2026 contract at 67.62 cents (down 0.04 cent), the July 2026 contract at 68.75 cents (down 0.08 cent) and the October 2026 contract at 68.39 cents (down 0.30 cent). A few contracts remained at their previous closing levels, with no trading recorded today.
Fibre2Fashion News Desk (KUL)
A review of the trade and sustainable development provisions of the ITA is under way.
EU high representative for foreign affairs and security policy Kaja Kallas recently met Chilean Minister of Foreign Affairs Alberto van Klaveren. Both co-chaired the first EU-Chile Joint Council under the Advanced Framework Agreement in Brussels.
The EU and Chile are committed to deepening their trade and investment relations under the Interim Trade Agreement, which came into force on February 1 and will remain in force until the new Advanced Framework Agreement has been fully ratified.
Both sides will continue to cooperate on ensuring reliable and sustainable supply chains, including through diversification and support to strategic investments.
The first EU-Chile Trade Council meeting was held under the new ITA, according to an EU release.
The EU is Chile’s third-largest trade partner and the top source of foreign direct investment (FDI).
Both sides will continue to cooperate on ensuring reliable and sustainable supply chains, including through diversification and support to strategic investments, a joint statement issued said.
Chile welcomed the interest of the EU in establishing a dialogue with the member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both parties affirm their ambition to translate this dialogue into a shared agenda.
Both sides remain committed to ensuring the effective implementation of the Advanced Framework Agreement, and to achieving its full ratification.
The provisional application of the EU-Chile Advanced Framework Agreement began on June 1, 2025.
Fibre2Fashion News Desk (DS)
Published
November 30, 2025
Chanel has appointed A$AP Rocky as a new brand ambassador and debuted his tenure with a teaser video shot in New York co-starring Margaret Qualley.
The video appeared Sunday just 48 hours before Chanel’s couturier Michel Blazy will stage his debut collection of Métiers d’Art also in New York. It’s a unique line first created by Karl Lagerfeld that highlights the unique stable of artisans Chanel has assembled in such skills as embroidery, pleating, glove-making and costume jewelry.
Directed by Michel Gondry, the 2.49-minute short opens with the stars waking up in the bed of a walkup apartment in Williamsburg. Where, after a quick peck on her lover’s forehead, Qualley disappears into a tiny bathroom, before magically changing out of her blue nightie and reappearing in a red, white and blue houndstooth Chanel jacket, paired with pale blue pants, her hair in a chignon.
https://www.youtube.com/watch?v=live
No sooner than she has disappeared, than A$AP leaps out of bed and descends the tenement building’s outside steel stairs and sets off on a mad dash after Qualley. This leads to him swimming under the Brooklyn Bridge, and running north through the Lower East Side, before finally catching up with Qualley at Astor Place station. All the action backed up my moody ambient music courtesy of Le Motel.
In between, the rapper and husband of Rihanna, manages to find time to stop in two discount stores to acquire pants and a blazer. Arriving just in time, to genuflect onto one knee, and hold out a small white Chanel box, containing one assumes a diamond engagement ring, at the station entrance. The sight of which leads the actress to leap into the air in paroxysm of joy, before the happy couple march arm and arm back into the subway.
And off one assumes to attend the Métiers d’Art show, which will be revealed on Tuesday, 8 p.m. NYC time.
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Ms. Burgoyne joined lululemon in 2006 and became the company’s first President in 2020. Throughout her tenure, she has assumed roles of increasing responsibility and led the North America business through periods of rapid growth and expansion.
Lululemon Athletica has announced that Celeste Burgoyne, president of the Americas and global guest innovation, will leave at the end of December 2025 after 19 years with the brand.
The company will consolidate regional leadership and has appointed André Maestrini as president and chief commercial officer, giving him global oversight of stores, regions, digital channels and commercial strategy.
“We are grateful for Celeste’s leadership and significant contributions to lululemon’s business and culture over the past 19 years. She has been instrumental in growing our footprint in the Americas, creating high-quality guest experiences, and mentoring our teams across the organization,” said Calvin McDonald, Chief Executive Officer, lululemon. “I deeply appreciate her partnership and friendship, and we wish her all the best in the future.”
“My time at lululemon has been both inspiring and rewarding beyond belief,” said Ms. Burgoyne. “I am so proud of what we have accomplished as an organization since I joined in 2006 and know the team will take the company to even greater heights in the years to come. I look forward to continuing to support the brand as a lifelong fan.”
In conjunction with this announcement, lululemon has made the decision to consolidate regional leadership across the company and appoint André Maestrini as President and Chief Commercial Officer, effective immediately. Mr. Maestrini will continue to report directly to Mr. McDonald.
In this newly created role, Mr. Maestrini will provide integrated oversight of all of lululemon’s regions, stores, and digital channels globally. He will also oversee lululemon’s global commercial strategy with a focus on continued market expansion, revenue generation, and accelerating best practice sharing, across all regions including North America.
Mr. Maestrini joined lululemon in 2021 as Executive Vice President of International. In his current role, he has overseen lululemon’s operations in EMEA, APAC, and China Mainland, and has helped to more than quadruple lululemon’s international revenues.
“André has demonstrated a proven ability to unlock opportunities, advance our global expansion, and deliver growth across multiple markets,” said Mr. McDonald. “Leveraging operational discipline, deep guest insights, and extensive brand-building experience, André is the ideal person to lead our business across all markets, including North America, as we remain focused on delivering value for our guests, employees, and shareholders.”
Before joining lululemon, Mr. Maestrini spent 14 years at adidas in various senior roles across the globe. During this time, he served in a number of General Manager positions where he helped grow the company’s global sports categories and regional markets. Prior to adidas, Mr. Maestrini held marketing roles at The Coca-Cola Company, Danone, and Kraft Jacobs Suchard.
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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