Cotton prices have headed steadily south in the last two months, ending July at 67.19 cents, more than 7 cents per pound lower than at the end of May, or about 9.7%, according to data from the U.S. Department of Agriculture (USDA).
The seven-market U.S. average cotton spot price, which ended 2016 at just above 69 cents per pound, has fallen by two cents so far this year.
As the 2016/2017 crop year comes to a close, it is interesting to note that U.S. cotton exports have been much stronger than originally estimated by the USDA, primarily due to tight supplies in India and Pakistan.
Despite monthly increases to the current crop year harvest forecast, mill consumption has kept pace, keeping prices relatively stable.
Both production and consumption are expected to increase next year which, together with relative strong demand for exportable cotton, should help support current price levels in the near future.
Apparel importer SGS Sports, which uses a Canadian company to warehouse goods until a U.S. customer is found, was unable to show sufficient proof of the two companies being separate entities, U.S. Customs & Border Protection ruled.Read more
FitStation powered by HP provides individual off-the-shelf shoe and insole recommendations, 3-D printed insoles and individualized custom footwear.Read more
Panjiva Inc., a privately held company that provides differentiated, sector-relevant insights on global supply chains, including the apparel and textile industry, is set to be acquired by S&P Global.Read more
Contrary to rumors that surfaced on Wednesday, Walmart’s top e-commerce guy says he’s staying put.Read more
Faced with a slew of challenges from every direction, 2017 became a year when retailers adopted a wide range of new strategies and invested in a myriad of new tools—and this year is shaping up to offer more in that same vein.Read more
Asos is offering consumers a new fitness apparel range that is comfortable, functional and fashionable to wear post-gym workout.Read more
The average warehouse worker wastes an estimated 6.9 weeks on unnecessary motions, according to Newcastle Systems, and wasted time costs billions of dollars.Read more