According to reports, by next year in 2017, cotton supplies in US will be smaller than previously forecast because of rising prices and larger-than-expected purchases in China, the world’s biggest buyer.
Inventories on July 31, 2017, will be 4.3 million bales, 12 percent less than projected last month and below the lowest estimate in a Bloomberg survey of analysts, the U.S. Department of Agriculture said in the report released Wednesday.
The supply would be expected at 4.9 million bales, as per the average estimate, little changed from the USDA’s forecast in September.
The government raised its estimate of Chinese consumption to 35.5 million bales from 35 million last month.
Loop Industries has raised €10 mn through a convertible preferred security agreement with Reed Societe Generale Group, an entity under…
OJAS has partnered with Maharishi for a capsule collection in military-inspired aesthetics featuring Maharishi’s Original Snopants, sweatshirt, and a tote…
Red Run has announced its foray into menswear with menswear collection, titled ‘Drop 1,’ featuring 10 essential pieces designed for…
INEOS Styrolution, a global leader in styrenics, has successfully completed its first project involving mechanically recycled polystyrene in yoghurt cups.
Sustainable fashion brand Virgio has partnered with Ola Electric to offer eco-friendly doorstep deliveries of its products during the festive…
Kingpins Hong Kong hosted its second annual pop-up event at the DX Design Hub, putting the spotlight on denim innovation…