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Market comments – November 3, 2022

After falling to a low of 70.21 cents on Monday, December finally found support, as cash values didn’t justify this price level, and we started to reverse. When December broke above a 2-month downtrend line on Tuesday, it triggered an epic spec short-covering rally, which has resulted in three consecutive limit up moves so far.

Australian industry expects large cotton crop in 2023 despite rain

The Australian cotton industry is still expecting a large cotton crop despite the persistent rain in much of New South Wales and Queensland impacting on already sodden paddocks, and in some cases, delaying picking and planting, Cotton Australia has said.

Pakistan floods hit 40% of annual cotton crop

The devastating floods in Pakistan have affected some 40% of the country’s annual cotton crop, new reports have found.

Egyptian Cotton Hub joins ITMF as corporate member

The Egyptian Cotton Hub (ECH) has joined ITMF (International Textile Manufacturers Federation) as a corporate member. ECH is a subsidiary of the Cotton & Textile Industries Holding Company (CTIHC), followed by the Ministry of Public Business Sector. Egypt’s first public sector factories & companies started in the 1920s. This grew to thirty-three factories.

Cotton Sustainability Summit Calls for Industry Collaboration to Create Change

Cotton Sustainability Summit Calls for Industry Collaboration to Create Change

DDG Paugam on World Cotton Day: WTO must help cotton-producing countries tackle current crises

Speaking in the high-level segment held during World Cotton Day on 7 October at the headquarters of the UN Food and Agricultural Organization in Rome, Deputy Director-General Jean-Marie Paugam outlined the WTO’s work to help cotton producers in developing countries tackle the multiple challenges facing global trade. The WTO is working with its partners to help cotton-producing countries overcome the current crises and boost sustainable cotton production, he said.

3 Ways Cotton is Committed to a Sustainable Future

October 7 is World Cotton Day, a global celebration of the world’s most important natural fiber.¹ Cotton is soft, breathable, thermo-regulating, odor resistant, hypoallergenic—the list goes on and on. There’s no wonder that cotton’s many benefits make it a top textile choice worldwide for clothing, home goods, personal care items, and baby products.²

Farmers in Nigeria urged to adopt BT cotton to boost textile industry

Big players of Nigeria’s agricultural biotechnology sector urged farmers to grow Bt cotton to give the country’s textile industry a shot in the arm. While Bt cotton was already commercialised in 2018 in the nation, the federal government has stated that increased adoption of the cotton plant variety will go on to create many employment opportunities in the nation.

Cotton Council International celebrates 3rd Cotton Day in Mumbai

Cotton Council International, along with the leadership of the US cotton industry, held its annual Cotton Day in Mumbai, educating over 120 attendees on how US cotton adds value for its partners in the Indian textile industry.

Polymer Recycling Moves Forward as PET Baltija Doubles Its Fibre Production with The Acquisition of TESIL Fibres of The Czech Republic

PET Baltija, one of the largest PolyEthylene Terephthalate (“PET”) recyclers in Northern Europe, has completed the acquisition of 100% of shares of a leading Czech fibre producer TESIL Fibres, a spin-off of SILON.

Acrylic staple fibre prices see sharp fall globally amid poor demand

Acrylic staple fibre prices are under constant pressure in the global markets. According to the latest data, the product has witnessed a steep fall of around 5-7 per cent since July 2022. The man-made fibre has remained bearish since January this year due to limited buying and the prices are likely to remain rangebound in the coming months.

Cotton Industry Collaborates to Receive USDA Grant for U.S. Cotton Smart Commodity Program

Cotton Incorporated is honored to collaborate with industry leaders to focus on increasing the adoption of climate-smart agriculture practices, as part of the USDA Partnership for Climate Smart Commodities pilot projects.

The conference was organized jointly with the

Textile executives representing 21 companies from Pakistan should gain a deeper understanding of why U.S. cotton is the world’s preferred fiber when they travel across the U.S. Cotton Belt on July 23-28.

WTO DG calls for increased investment on cotton projects, welcomes Afreximbank pledge

At a Partners Conference on cotton on 27 July, Director-General Ngozi Okonjo-Iweala urged donor agencies to mobilise resources in support of cotton projects in least-developed countries (LDCs), including the Cotton-4 countries (Benin, Burkina Faso, Chad and Mali). At a “Call for Action” signing ceremony later in the day, she welcomed a pledge from the African Export and Import Bank (Afreximbank) to provide up to USD 300,000 as grant-matching funds to support the preparation of cotton value chain development projects in African countries from 2023 to 2024.

U.S. Cotton Trust Protocol Confirmed as ISEAL Community Member

The U.S. Cotton Trust Protocol was accepted as an ISEAL Community Member following a rigorous and meticulous approval process and only eighteen months after the program’s launch.

How Cotton Is Implementing Regenerative Agriculture

The U.S. cotton industry is seeking continual improvement in sustainable cotton production, striving to more efficiently use our natural resources—water, land, carbon, and energy. With consumers’ rising interest in the environmental impact of brands and products, increasing the sustainability of cotton ultimately offers benefits at every step of cotton’s journey from “dirt to shirt.” The sustainable journey for cotton incorporates a variety of approaches and practices, including regenerative agriculture practices.

Cotton Days in Northeast Asia Boost U.S. Cotton Sales

Participants who attended Cotton Day events in Northeast Asia in May 2022 expect to purchase an additional 630,000 bales of U.S. cotton, valued at approximately $370 million.

Lenzing opens world’s largest lyocell facility in Thailand

Austrian fiber producer, Lenzing, is pleased to announce the successful completion of its new lyocell plant in Thailand, which is part of the Lenzing Group, has a capacity of 100,000 tonnes, and will help meet the growing demand for sustainably produced fibers.

Lenzing starts world’s largest lyocell plant

The Lenzing Group, the leading supplier of wood-based specialty fibres, has now successfully completed its key lyocell expansion project in Thailand.

Sweden's Diab reduces carbon footprint by 46%

Sweden’s Diab reduces carbon footprint by 46 per cent between 2016-2021. In 2016, Diab started to reduce its carbon footprint as part of its commitment to meeting the global reduction goals. Diab’s targets were approved by the Science Based Targets initiative (SBTi), making it the first company for high-tech sandwich composite solutions to do so.

Australian cotton crops this year to be 2nd best on record

Owing to favourable conditions across most of Australia’s cotton growing regions, the country’s production this year is expected to be second best on record, according to Cotton Australia. Australian cotton, which is among the best quality sustainable cotton, was impacted by drought in 2019-20 when its yield was less than 590,000 bales, followed by 2.8 million bales last year.

Germany's GOTS, OCA & Textile Exchange add 21 labs for GM cotton tests

Germany’s GOTS, the Organic Cotton Accelerator (OCA), and Textile Exchange have announced the renewal of the global ISO IWA 32:2019 proficiency test for a second year in a row, under technical support from Wageningen Food Safety Research. The joint project has reached a new milestone with an expanded list of twenty-one laboratories from Europe, Asia and North America who have successfully passed a new round of the proficiency test in 2021.

Cotton area in India to rise by 20-25% in next planting season: CAI

The Cotton Association of India (CAI) expects area under the crop to rise by 20-25 per cent in the upcoming planting season across all ten producing states due to high prevailing prices. In a press release, the association also suggested a hike in the minimum support price (MSP) for extra-long staple (ELS) cotton to encourage growers and reduce imports.

When It Comes to Sustainable Cotton, Transparency Is Material

Raw material sourcing is more important than ever. Evolving attitudes among brands, retailers and consumers are creating demand for greater sustainability and transparency — starting at the seed and throughout the entire supply chain.

Domo introduces new brand for nylon 6.6

Domo’s Valence site in France is equipped with the world’s most recent polymerization line for staple fibre.

Sandler continues to grow in 2021 and provides a cautious outlook for 2022

The nonwovens specialist from Upper Franconia in Germany closes 2021 with a growth in revenue but challenges continue to arise due to the extraordinary increase in energy prices since 2017.

SATTLER GROUP as Best Managed Company 2021

Just three months after the „Steirischen Exportpreis 2021“(“Styrian Export Prize 2021”) the Sattler AG is awarded as “Best Managed Company.”

CCA launches production standards to promote Chinese cotton

The China Cotton Association (CCA) has issued a set of production standards for the country’s cotton industry to fill up gaps and promote the image of Chinese cotton. The standards were launched a few weeks back as their absence affected global competitiveness. The boycott of Xinjiang cotton by some foreign brands was also a reason for the launch.

Carvico and RadiciGroup have joined competencies while respecting the environment

A contribution to the sustainability of the 2021 Maratona dles Dolomites, the iconic cycling event scheduled for July 4, 2021 that takes place along some of the most beautiful passes in the Dolomites, comes from Carvico and RadiciGroup, two Italian textile manufacturers that have joined competencies to develop and produce 10,000 sustainable vests. They were created by using its “special edition Maratona 2021” fabric made of 100% recycled polyester from PET plastic bottles and will be given to all participants in the competition.

FET on expansion drive

Fibre Extrusion Technology (FET) of Leeds, UK, has commenced construction of a new purpose-built Research and Development Centre to enable its continued growth.

Dilo automotive plant destined for China

As the automotive sector shows signs of recovery, DiloGroup reports that investments in nonwoven production lines for the manufacture of glass fibre-reinforced thermobonded structural parts for interiors are underway.

US cotton farmers committed to reduce gas emissions by 39% by 2025

The US cotton industry aims to reduce greenhouse gas emissions by 39 per cent and the energy required to produce seed cotton and ginned lint by 15 per cent, as per the 10-year targets based on the data from 2015. The industry will also increase water efficiency (more fibre per gallon) by 18 per cent, said Gary Adams, president of US Cotton Trust Protocol.

China to strengthen cotton cooperation with BRI Central Asian nations

China plans to boost cooperation in the cotton industry with nations participating in the Belt and Road Initiative (BRI) during the 14th Five-Year Plan (2021-25) to reduce dependence on imports from the United States and Australia, according to Li Fuguang, head of the Institute of Cotton Research under the Chinese Academy of Agricultural Sciences.

U.S. Cotton Trust Protocol Recognized by Fashion Magazine Drapers

The U.S. cotton’s industry initiative, The U.S. Cotton Trust Protocol, and the critical role the data plays as brands and retailers communicate their sustainability progress to customers, is becoming widely recognized. This week fashion magazine Drapers focused on initiatives like the Trust Protocol in an article they published. The Trust Protocol brings verifiable goals and measurement to sustainable cotton production which provides brands and retailers with the critical assurances they need to confidently source more U.S. cotton.

Australia's CSIRO-CSD mark $150mn joint investment in cotton research

Australia’s national science agency, CSIRO and Cotton Seed Distributors (CSD) have marked a combined investment of more than $150 million in research to ensure the long-term profitability and viability of Australian cotton. Since 1971, they have been providing globally competitive cotton varieties that are pest and disease tolerant to the Australian farmers.

U.S. Cotton Trust Protocol and TextileGenesis™ Announce Collaboration

The U.S. Cotton Trust Protocol, a new science-based sustainability program that collects robust farm-level data against six key sustainability metrics, is pleased to announce that it is further enhancing the value of its program by delivering unparalleled supply chain transparency through its Protocol Credit Management System (PCMS). Recognizing the growing importance of increased supply chain visibility to brand and retail members, the U.S.

The first trade fair after months of pandemic. China, a market of great interest to the Group in its aim to grow in the automotive, home appliance and consumer goods sectors

RadiciGroup High Performance Polymers – the Group business area engaged in the manufacture and sale of high performance engineering polymers – will be participating in Chinaplas 2021 trade fair, to be held from 13 to 16 April at the Shenzhen Convention & Exhibition Center.

China's cotton imports rise 16.8% in 2020

Total cotton imports by China increased by 16.8 per cent year-on-year to 2.16 million tonnes in 2020, according to the country's General Administration of Customs. Cotton imports declined during the first half of the year due to the impact of COVID-19 pandemic, but imports soared in the second half as production resumed and consumption recovered.

Executive Cotton Update: February 2021

The U.S. economy is estimated to have grown at a 4.0% annualized rate in the fourth quarter. This followed record growth in the third quarter (33.4%) and record contraction in the second quarter (-31.4%). As a highly aggregated number, such volatility in GDP is unprecedented. Excluding the third quarter, the rate of growth in the fourth quarter ranks as the strongest since 2014.

The role of organic in creating a sustainable cotton supply chain

At CottonConnect, we support cotton farmers in the switch from conventional farming to support the production of organic fibre. Using 91% less water and 62% less energy than conventional farming, organic improves the biodiversity and health and safety of farming communities. It also improves livelihoods and reduces poverty, contributing to the ever important Sustainable Development Goals.

Germany-based Lidl backs Cotton made in Africa initiative

The Cotton made in Africa initiative (CmiA) is significantly boosting sales of sustainable cotton from Africa, thanks to its partner Lidl Stiftung & Co. KG, a German international discount supermarket chain, which is primarily working with CmiA to achieve its goal of using cent per cent sustainable cotton by 2022. Lidl has been a partner of the initiative since February 2020.

The Key Takeaways from Cotton Days

We all know what an enormous impact COVID-19 had on the global fashion industry. During the early months of the pandemic, government shut downs and quarantine regulations closed brick and mortar retail stores around the world and consumers stuck at home had little reason to invest in new wardrobe pieces. Demand for clothing and apparel plummeted and some well-known brands were forced to either file for bankruptcy or permanently close many of their store locations. But those weren’t the only changes. As the months went on with no end to the pandemic in sight, trends that were present prior to the initial outbreak accelerated rapidly, and now almost a year later, seem to be here for the long term.

12 things we’ve learned from our work with organic farmers

The world is getting very excited about organics. Organic farmers look after soil fertility and biological diversity, and they avoid the use of pesticides, antibiotics, fertilisers, and genetically modified organisms (GMO). And, from fruit and vegetables to cotton and cocoa, consumers continue to seek out goods that are produced on land farmed in the most sustainable way.

Gap’s sustainable goals: ‘progress rather than perfection’

Gap Inc’s director of product sustainability, Alice Hartley, discusses the business's commitment to sourcing 100% of its cotton from more sustainable sources by 2025.

Gap’s sustainable goals: ‘progress rather than perfection’

Gap Inc’s director of product sustainability, Alice Hartley, discusses the business’s commitment to sourcing 100% of its cotton from more sustainable sources by 2025.

Cotton arrival at Pak ginneries down 34.12% as recorded on 15 January 21

Over 5.493 million bales of cotton have arrived in 2020-21 season at various ginneries in Pakistan, as on January 15, 2021, down 34.12 per cent compared to arrival of 8.338 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA).

US cotton exports rise on China demand: USDA report

Despite US cotton production falling 5 million bales from the previous year, the country's exports are forecast at 15.25 million bales for the ongoing marketing season 2020-21 that began in August. In the five months to December, China has accounted for almost half of US cotton exports, with the country’s total imports forecast at 10.5 million bales.

BCI PAKISTAN

Pakistan is the fourth largest producer of cotton in the world, and importantly also holds the third largest spinning capacity in Asia (after China and India) with thousands of ginning and spinning units producing textile products from cotton. Approximately 1.5 million smallholder farmers rely on cotton for a living.

Kelheim Fibres receives EMAS certification

The Eco Management and Audit Scheme (EMAS) is the standardised eco management certification system developed by the European Union.

Royal DSM and Clariter have formed a strategic partnership to pursue a next-generation chemical recycling solution for products based on DSM’s Dyneema UHMWPE fibre.

Royal DSM and Clariter, an international clean-tech company, have formed a strategic partnership to pursue a next-generation chemical recycling solution for products based on DSM’s Dyneema ultra-high-molecular-weight polyethylene (UHMWPE) fibre.

British Wool launches major cost saving initiative

The COVID-19 pandemic has had a negative impact on the global wool market. In order to ensure producers receive maximum value for their wool, British Wool has launched a major restructuring programme. Although British Wool has cleared the 11 million kg of unsold wool they had at the end of April 2020, the market remains extremely challenging.

U.S. ban on Xinjiang cotton extended, Chinese cotton prices may have peaked before CNY

On January 13, the U.S. Customs and Border Protection issued a Withhold Release Order against cotton products and tomato products produced in China’s Xinjiang Uyghur Autonomous Region. This ban extends from Xinjiang Production and Construction Corps (XPCC) to Xinjiang Uyghur Autonomous Region, and the ban also applies to products processed or manufactured in third countries, CBP officials told a news briefing.

U.S. Cotton Trust Protocol Welcomes First Members in Latin America

Today the U.S. Cotton Trust Protocol welcomed its first Latin America-based members: Central America Spinning Works El Salvador, Cone Mills, Colhilados, Fabricato, Gama Textil, Global Textiles, Grupo Industrial Miro, Grupo Vivatex, Hilanderia de Algodon Peruano, Honduras Spinning Mills, Industrias Cannon de Colombia, Industrias Merlet, Industria Textil del Pacifico, Junior de Mexico (OGGI Jeans), Manufacturas Kaltex, MT Textiles, OA, Playeras Mark, Premium Knits, Quality Knits, Ropa Siete Leguas, SJ Jersey Ecuatoriano, Tavex, Textufil, Textiles Marie Lou, Textil del Valle, WT Sourcing and Zagis. Among other benefits, membership enables these mills and manufacturers to prove that the cotton fiber element in their textiles is more sustainably grown.

Wear a smile with… Justina Fernanda Afonso

In 2019, Cotton made in Africa (CmiA) and the local cotton company SAN-JFS developed a recycling project in Mozambique. This project motivates farmers to collect empty pesticide containers and return them to a collection station for further recycling. These so called “eco-collection points” are operated by women from local farming communities. The farmers as well as the women operating the eco-collection points receive a bonus payment for returned containers from the local cotton company. Within two years over 160,000 empty pesticide containers were collected and sent for recycling benefitting around 40,000 farmers from surrounding communities. We spoke with Justina Fernanda Afonso, one of the eco-activists, about her work.

Egypt Invest US$ 1.2 Billion to Promote Cotton

The Egyptian Government is ramping up efforts to develop the country's textile industry, including a EGP21bn (US$1.2bn) investment to promote the added value of Egyptian Cotton. The announcement was made in a meeting between the Egyptian Prime Minister; Mostafa Madbouly, and Hisham Tawfiq, minister of the public business sector.

Cotton made in Africa

Cotton made in Africa, an initiative of the Aid by Trade Foundation, is one of the world’s leading standards for sustainably produced cotton. Our goal is to help people help themselves, via trade rather than donations, in order to improve the living and working conditions of smallholder farmers in Africa and to protect our environment. We work with a wide-ranging network in cotton-growing countries, including numerous partners throughout the textile value chain as well as both governmental and non-governmental organisations, to ensure the implementation of the standard and the proper processing of certified raw materials throughout the world.

COTTON CONNECT - Building Resilience for Smallholder Cotton Farmers

To better understand the current impact of the COVID-19 pandemic, and to find out how to build future resilience in cotton farming communities, we asked the farmers enrolled in our cotton training programmes in India and Pakistan, and the local partners implementing these programmes, how they have been affected.

Sustainability pays. And it’s important to prove it

Issues such as the climate crisis or protecting workers’ rights are more understood than ever. Consumers increasingly demand their brands to have sourced materials ethically and ensure that suppliers along the chain are doing all they can to protect the environment.

COTTON USA INTRODUCES NEW PARTNER CONSULTANCY PROGRAM, COTTON USA SOLUTIONS™

COTTON USA INTRODUCES NEW PARTNER CONSULTANCY PROGRAM, COTTON USA SOLUTIONS™

Building Resilience for Smallholder Cotton Farmers

To better understand the current impact of the COVID-19 pandemic, and to find out how to build future resilience in cotton farming communities, we asked the farmers enrolled in our cotton training programmes in India and Pakistan, and the local partners implementing these programmes, how they have been affected.

CAI scales up 2019-20 cotton estimate to 354.5 lakh bales

Cotton Association of India (CAI) has increased its cotton crop estimate for 2019-20 season beginning October 1, by 19 lakh bales to 354.50 lakh bales of 170 kg each compared to its previous estimate of 335.50 lakh bales made during the last month. The latest estimate is same as the quantity predicted by the CAI in its February and March estimates this year.

BCI Launches New Chain of Custody Advisory Group

Last month, the Better Cotton Initiative (BCI) launched its new Chain of Custody Advisory Group.

Textile Exchange unveils 2020 Organic Cotton Market report

Textile Exchange, a non-profit organisation of leading brands, retailers, and suppliers, has released its 2020 Organic Cotton Market report. The report reveals data collected for the 2018/19 harvest year. It shows an increase of 31 per cent in organic cotton production over the previous year, making it the second-largest harvest on record after 2009/10.

CCI aims to boost cotton exports to Bangladesh, Vietnam

The Cotton Corporation of India (CCI), which is holding surplus stocks of cotton just ahead of the next harvest season, is trying to boost exports. A memorandum of understanding is being worked out to export 15-20 lakh bales (of 170 kg each) of cotton to Bangladesh while CCI will also set up its own warehouse in Vietnam, said CCI chairman PK Agarwal.

Pakistan Prime Minister approves PCCC restructuring to strengthen research

The Pakistani government recently decided to give autonomy to the Pakistan Central Cotton Committee (PCCC) by restructuring it though effective private sector representation. The target is to strengthen research in the cotton sector. The decision was taken during a high-level meeting on reviving the cotton sector presided over by Prime Minister Imran Khan.

Cotton Council International focuses on sustainability & innovation at Premier Vision Paris

Sustainability and innovation were the focus at Cotton Council International’s (CCI) booth at the recently held Premiere Vision in Paris, France. Première Vision represents one of the world’s largest exhibitions of apparel, fabric, and yarn manufacturers providing a venue for Cotton USA to promote US cotton and its global marketing and licensing programme.

2020 Australian Cotton Industry Awards open nominations

Nominations have opened for the 2020 Australian Cotton Industry Awards, which recognise excellence and high achievement throughout the cotton supply chain. Nominations for the awards can be made by downloading an entry form from the Australian cotton industry trade group, Cotton Australia’s, website and following the instructions to submit it.

Prices, new disease stress S.C. cotton growers

SANTEE – One thing many farmers know for certain is that nothing is certain right now.

How Do High Cotton Prices Affect the Textile Industry?

Cotton is the most important commodity in the textile industry, with the largest producers being China, India, Pakistan, and the United States. These producers continue to experience escalation in cotton prices, adversely affecting garment and textile industries. There are various factors that cause cotton prices to go up, chief among these being shortage of the raw material. Although a rise in cotton prices is advantageous for farmers, the textile manufacturing industry bears the brunt of the effects.

Pakistan resurrects organic cotton production

An organic cotton project run by WWF-Pakistan and Directorate of Agriculture Extension, Baluchistan recently celebrated the certification of Pakistan’s ‘first organic cotton bale’. Great news. However, this is not a first time organic has been grown in the country. Both organic and Fairtrade cotton were previously grown in Pakistan between 2002 and 2008/09, with a last reported cultivation figure of 289 tones of organic fibre ten years ago.

Better Cotton Pilot Project Launches in Egypt

The United Nations Industrial Development Organisation (UNIDO) has launched a multi-stakeholder pilot project in Egypt, to train cotton farmers on the Better Cotton Initiative’s holistic approach to sustainable cotton production. The pilot comes as part of a renewed drive in the country to increase sustainability and improve conditions for Egyptian cotton producers.