Fashion
ICE cotton weakens on farmers’ selling, but decline capped
The more active March 2026 cotton futures settled at 64.46 cents per pound, down 0.11 cents, reflecting continued price stagnation. Other contracts closed with declines between 4 and 11 points. The 64-cent low attracted some fundamental buying interest, but farmer selling and algorithmic trades capped any move toward 65 cents.
ICE cotton futures remained weak as farmer selling and algorithmic activity limited any upward move despite support from a softer US dollar and firmer crude oil.
March 2026 settled at 64.46 cents amid low trading volumes and stagnant prices.
Weak US economic data boosted expectations of rate cuts.
JP Morgan sees prices potentially rising to 75 cents by late next year.
The US Dollar Index fell 0.45 per cent to 98.85, touching an intraday low of 98.82, its lowest level since October 29. The weaker dollar made US cotton cheaper for global buyers and supported overall demand.
Rising crude oil prices increased polyester costs, indirectly supporting cotton prices as polyester became less competitive.
Total trading volume was 26,902 contracts, one of the lowest levels in more than two months.
Overall commodities were weaker, while US equity markets moved towards all-time highs. Market sentiment was driven by expectations of a possible December interest rate cut by the Federal Reserve. US ADP data showed private-sector employment fell by 32,000 in November compared to expectations of a 10,000-job increase. Weaker-than-expected economic data strengthened expectations of further monetary easing.
CFTC data showed speculators reduced net short positions by 2,480 contracts, taking their total net short position to 84,607 contracts for the week ending October 21.
JP Morgan projected that ICE cotton futures could rise toward 75 cents per pound by the fourth quarter of next year, while ICE-certified stock remained stable at 19,894 bales as of December 2.
This morning (Indian Standard Time), ICE cotton for March 2026 traded at 64.44 cents per pound (down 0.02 cent), cash cotton at 62.46 cents (down 0.11 cent), the December 2025 contract at 62.66 cents (down 0.11 cent), the May 2026 contract at 65.57 cents (down 0.03 cent), the July 2026 contract at 66.54 cents (down 0.06 cent), and the October 2026 contract at 67.40 cents (down 0.08 cent). A few contracts were unchanged from the previous close, with no trading recorded so far today.
Fibre2Fashion News Desk (KUL)
Burberry has unveiled its new Gabardine Capsule, celebrating 170 years of the British luxury house. The capsule honours the revolutionary fabric, Gabardine, invented in 1879 by Thomas Burberry, whose weather-resistant properties have defined the brand’s outerwear heritage for nearly 150 years. Worn by explorers and everyday adventurers alike, gabardine remains central to Burberry’s identity.
Burberry has launched its Gabardine Capsule to mark 170 years, celebrating its iconic weather-resistant fabric invented by Thomas Burberry in 1879.
The range reworks parkas, bombers and quilted jackets in brushed cotton nylon gabardine, alongside knitwear and jersey layering pieces.
A heritage label inspired by a 1993 campaign highlights the brand’s countryside roots.
Reimagining signature outerwear styles, the collection features parkas, down-filled jackets, quilted silhouettes, Harringtons and bombers crafted in brushed cotton nylon gabardine. These pieces are dyed in a capsule palette of hamper beige and juniper green.
Layering pieces include chunky ribbed wool-cashmere knitwear and soft cotton melange hoodies, jogging pants and T-shirts. Many styles are detailed with gabardine panels and trench-inspired elements, such as the brand’s signature epaulettes, Burberry said in a release.
Reflecting Burberry’s enduring connection to the countryside and outdoor pursuits, the capsule introduces a specially designed label inspired by an archival 1993 campaign reading: ‘Burberrys grew out of country life.’ The label appears stitched inside coats and jackets, appliqued on jersey styles and rendered as an intarsia motif on knitwear.
Fibre2Fashion News Desk (HU)
She was addressing the second edition of the Kwahu Business Forum in Mpraeso.
Ghana is collaborating with the private sector to set up three new garment units, generating 27,000 direct jobs under the 24 Hour Economy Policy.
The facilities will be located in the Central, Bono East and Eastern regions, with each factory expected to operate 24 hours to maximise productivity.
Each unit can employ 3,000 workers per shift.
Contracts have been secured to ensure demand-driven production.
She termed the decision as part of President John Dramani Mahama’s rapid industrialisation strategy to boost domestic manufacturing and create employment opportunities.
The facilities will be located in the Central, Bono East and Eastern regions, with each factory expected to operate 24 hours to maximise productivity. Each unit can employ 3,000 workers per shift.
Contracts have already been secured to ensure demand-driven production, Ofosu-Adjare was cited as saying by domestic media outlets.
The government is also finalising key policies for the garment and textiles sector, awaiting approval from the Minister of Finance.
Fibre2Fashion News Desk (DS)
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