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BASF offers RCS polyamides for the textile industry

BASF offers RCS polyamides for the textile industry

BASF's sustainable polyamide Ultramid Ccycled has received Recycled Claim Standard (RCS) certification for textile applications. The product, made from difficult-to-recycle plastic waste like used tyres, allows manufacturers to market certified textiles made from recycled materials.
ICE cotton rises, gains momentum from strong demand at lower prices

ICE cotton rises, gains momentum from strong demand at lower prices

Surging for the second consecutive day, ICE cotton's July contract settled at 82.42 cents per pound, up 140 points, driven by robust demand at lower price levels. With no major geopolitical escalations, further market sentiment improvement is anticipated.
Cotton Gains As USDA Export Sales Rise 79% From The Previous Week.

Cotton Gains As USDA Export Sales Rise 79% From The Previous Week.

Cotton prices in India surged following an increase in USDA export sales by 79% from the previous week, indicating a robust international demand which might positively impact the domestic commodities market.
Cotton Gains On Short Covering After Prices Dropped Amid Prospects Of Better Crop.

Cotton Gains On Short Covering After Prices Dropped Amid Prospects Of Better Crop.

Cotton prices rise due to short covering after previous fall, with better crop prospects influencing the market. This can likely impact the cost dynamics for cotton-based industries in India.
Indian cotton yarn spinners’ FY25 margins to grow 150-200 bps: CRISIL

Indian cotton yarn spinners’ FY25 margins to grow 150-200 bps: CRISIL

Crisil anticipates that India's cotton yarn spinning industry will see a rise in operating margins by 150-200 bps in FY25, rebounding from decadal lows experienced last fiscal due to low cotton yarn spreads.
USDA forecasts increased cotton imports by Bangladesh

USDA forecasts increased cotton imports by Bangladesh

Despite economic difficulties, Bangladesh anticipates a 6.7% rise in cotton imports for 2024-25, propelled by global demand for garments. The country is estimated to import 80 lakh bales, according to USDA forecasts.
Chart of the Day | Outlook for cotton spinners set to improve

Chart of the Day | Outlook for cotton spinners set to improve

Softer global demand, particularly from China, is leading to weakened cotton futures contracts. Traders offloading their stock have further-driven down domestic cotton prices by 8-9%. This aids Indian domestic cotton spinners, countering recent turmoil caused by poor yarn sales and high cotton prices.
Rice prices in Bangladesh unlikely to fall from current level

Rice prices in Bangladesh unlikely to fall from current level

Despite the high cost of paddy production due to increased expenses on seeds, fertilisers, irrigation, labour, etc., the US Department of Agriculture predicts stable rice prices in Bangladesh for 2024-25.
Textile and apparel exports register growth in March

Textile and apparel exports register growth in March

March 2024 saw India's textile and apparel exports rise by 69.1% compared to last year, despite a 3.24% drop YoY for fiscal 2023-2024. Cotton yarn, textile, and made-up goods saw a 6.78% growth in exports.
Bangladesh’s cotton import to rise on bright prospects for RMG export, says USDA

Bangladesh’s cotton import to rise on bright prospects for RMG export, says USDA

Despite economic challenges, Bangladesh, the world's second-largest clothing exporter, is set to increase its annual cotton import to 80 lakh bales by 2024-2025 to meet global apparel demand, reports the US Department of Agriculture.

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