Fashion
ICE cotton ticks higher on crude oil rally
The most actively traded May cotton contract rose 0.38 cent to settle at 64.14 cents per pound. All cotton contracts closed higher for the first time since January 27, posting gains ranging from 1 to 38 points.
ICE cotton futures closed marginally higher, supported by stronger soybean and crude oil prices, which reduced polyester’s cost competitiveness.
May contract settled at 64.14 cents per pound.
Trading volumes eased, while open interest declined for a ninth session.
USDA projections indicate a tighter 2026–27 global balance, with lower output, higher consumption and reduced ending stocks.
Crude oil climbed around 2 per cent to a six-month high amid tensions in the Middle East. Stronger crude prices could reduce polyester’s relative cost competitiveness, potentially offering marginal support to cotton demand.
Total trading volume was 66,490 contracts, the lightest since January 29. Cleared volume from the previous session stood at 79,290 contracts.
Global cotton markets are expected to tighten in the 2026–27 season, with production projected to decline while consumption rises, shifting the balance towards a deficit, according to projections presented at the USDA’s 102nd Agricultural Outlook Forum. World cotton production is forecast to fall by about 3 per cent to 116.0 million bales, while consumption is expected to increase to 120.1 million bales. As a result, global ending stocks are projected to decline to 71.2 million bales under the new outlook scenario.
For the US, the outlook indicates planted area of 9.4 million acres and production of 13.6 million bales. Exports are projected at 12.2 million bales, with ending stocks estimated at 4.2 million bales.
In futures market activity, liquidation in the March 2026 contract continued ahead of the first notice day, with trading volume reaching 15,340 contracts and exceeding the open interest of 14,053 contracts, signalling active position exits and rollovers. Certified cotton stocks increased for the 13th consecutive reporting period to 117,075 bales, up by 2,565 bales, with no bales currently awaiting review.
Overall open interest declined for the ninth straight session, falling by 10,187 contracts to 328,448, extending a cumulative nine-session drop of 57,970 contracts following a prolonged earlier build-up. In contrast, open interest in the May contract rose for the 20th consecutive session to 173,427 contracts, ahead of its first notice day scheduled for April 24.
Market participation is also expected to broaden as China’s Zhengzhou Commodity Exchange cotton futures resume trading on February 24 after the Lunar New Year holiday. Analysts indicated that cotton prices are currently trading sideways as investors roll positions and await end-March US planting intentions data, with much of the bearish news already reflected in prices.
Among related commodities, soybean prices extended gains for a third consecutive session, hovering near three-month highs.
This morning (Indian Standard Time), ICE cotton for May 2026 was trading at 64.32 cents per pound (up 0.18 cent), cash cotton at 62.14 cents (up 0.38 cent), the March 2026 contract at 62.12 cents (up 0.19 cent), the July 2026 contract at 65.92 cents (up 0.19 cent), the October 2026 contract at 67.53 cents (up 0.22 cent), and the December 2026 contract at 68.37 cents (up 0.10 cent). A few contracts remained at their previous closing levels, with no trades recorded so far today.
Fibre2Fashion News Desk (KUL)
Fashion
India’s major ports handle record 915 MT cargo in FY 2025-26
Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, said, “The record cargo handling of over 915 million tonnes by our major ports is a testament to the government’s unwavering commitment to strengthening India’s maritime sector. We are building world-class port infrastructure, improving efficiency, and enabling seamless logistics to support India’s growing economy.”
Among the ports, Deendayal Port Authority led with 160.11 MT, followed by Paradip Port Authority at 156.45 MT and Jawaharlal Nehru Port Authority (JNPA) at 102.01 MT. Other major contributors included Visakhapatnam, Mumbai, Chennai, and New Mangalore ports. In terms of growth, Mormugao Port Authority recorded the highest increase at 15.91 per cent, followed by Kolkata Dock System at 14.28 per cent and JNPA at 10.74 per cent, the ministry said in a press release.
India’s major ports handled a record 915.17 MT of cargo in FY 2025-26, exceeding the 904 MT target and growing 7.06 per cent YoY, according to the Ministry of Ports, Shipping and Waterways.
The rise was driven by infrastructure upgrades, digitalisation, and improved logistics, with Deendayal, Paradip and JNPA leading volumes.
Strong gains were seen in Mormugao and Kolkata ports.
The growth has been supported by capacity expansion, enhanced multimodal connectivity, digitalisation initiatives, and increased handling of commodities such as coal, crude oil, containers, fertilisers, and petroleum, oil, and lubricants (POL). Improved turnaround time and ease of doing business have also contributed to higher cargo volumes.
The ministry continues to focus on port-led development, logistics integration, and sustainability under the Maritime Amrit Kaal Vision 2047, aiming to strengthen India’s position in global trade.
Fibre2Fashion News Desk (JP)
Fashion
Turkiye’s apparel exports ease 2.8% in Jan-Feb 2026
Turkiye’s apparel exports fell 2.88 per cent YoY to $2.599 billion in January-February 2026, pressured by weak EU demand, which accounts for nearly 70 per cent of shipments.
Knitted exports dipped 1.6 per cent, while woven declined 4.6 per cent.
Rising costs and currency volatility continue to erode competitiveness, extending a three-year export decline trend.
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Fashion
India’s Tiruppur shifts to PNG amid LPG shortage in textile units
During a session conducted jointly by the Tiruppur Exporters’ Association (TEA) and Adani Total Gas, K. M. Subramanian, President, TEA, highlighted that gas connectivity will become an essential requirement for industries in the coming years, adding that Adani Total Gas is prepared to accelerate PNG rollout in Tiruppur.
Tiruppur’s textile industry is accelerating its shift towards PNG as LPG shortages and rising energy costs disrupt operations.
With production costs up nearly 15 per cent and ESG compliance tightening, PNG is emerging as a reliable and cleaner alternative, helping exporters ensure supply stability, meet global standards, and sustain competitiveness.
He also pointed to upcoming Digital Product Passport (DPP) regulations which will mandate stricter digital monitoring and sustainability compliance across production processes under European ESG norms.
Kumar Duraiswami, Joint Secretary, TEA underscored PNG as a strategic necessity rather than a temporary alternative. He stated that the adoption of PNG is not merely a response to any temporary geopolitical situation, but an essential step as the global industry moves towards sustainable production.
He further noted that exporters to Europe will be required to comply with ESG norms within the next two years, necessitating a gradual shift away from fuels such as LPG and coal.
According to a TEA press release, industry concerns over rising costs were also flagged, with Subramanian noting that energy shortages have already pushed production costs up by nearly 15 per cent, creating operational challenges. He stressed the need for a stable and reliable gas supply to sustain Tiruppur’s large manufacturing ecosystem and urged faster implementation of PNG infrastructure.
Providing operational insights, K. R. Venkatesan, Cluster Head at Adani Total Gas, outlined PNG connectivity availability, registration procedures, and industrial pricing, while Karthik B, Joint Marketing Manager, elaborated on practical applications and addressed industry queries during the session.
Tiruppur’s move towards PNG reflects a broader transition in India’s textile sector, where cleaner energy adoption is becoming central to ensuring supply security, cost stability, and compliance with evolving global sustainability standards.
Fibre2Fashion News Desk (KUL)
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