The International Cotton Advisory Committee (ICAC) reported that in September 2012, international cotton prices declined slightly, whereas Chinese cotton prices increased a little bit. This might indicate price directions over the next few months. In China, cotton prices in 2012/13 will be supported by the minimum support price policy, under which the government is organizing daily purchases of new crop cotton between September 2012 and March 2013. In the rest of the world, the pressure of accumulating stocks, combined with weak demand, could drive cotton prices down.
Towels and Textiles
Researchers in the United Kingdom are developing a new breed of smart garments poised to change the way we interact with our bodies. The recently inaugurated P³i research group at Northumbria University aims to marry design with science, technology, engineering and mathematics (collectively known as STEM) to create “intelligent products, services and experiences” that serve the needs of our future society.
As the harvest gets underway in Uzbekistan’s massive cotton industry, experts say the heavy reliance on human labor reflects a dire shortage of farm machinery.
In early September, the authorities mobilized public-sector workers, students and lecturers and sent them out to gather cotton.
66 was yesterday’s magic number. That’s how much cotton prices have fallen since last year’s peak of $2.20 a pound, cutting raw-material costs for apparel makers like San Francisco’s Levi Strauss.
Record prices spurred farmers to expand output, and the 2012 harvest will exceed demand for a third straight year, swelling stockpiles by 10 percent to 74.7 million bales by August, the U.S. Department of Agriculture estimates.
The International OEKO-TEX Association has announced that Nicole Bassett, director of sustainability at prAna, will speak at its "The Next 20" textile industry event on November 14.
The National Council of Textile Organizations (NCTO) put its Made in the USA seal of approval on the Wear American Act of 2012. This legislation introduced by U.S. Senator Sherrod Brown (D-OH) would require all government agencies to source 100 percent Made in the USA when procuring textiles, textile components and apparel items.
Towel Specialties, based in Baltimore, and Linda Misiorowski and Associates recently added multi-line representative Rob Ball to cover Illinois and Indiana. Ball will also be representing other Misiorowski and Associates lines in Wisconsin as well.
Pittsburgh-based Pro Towels Etc. was recognized as the 2012 Business of the Year by the Abbeville County Rotary Club. Accepting the award on behalf of Pro Towels Etc. was Tonya Cochran, art director; Greg Morrow, warehouse manager; and Jeremy Scott, vice president of operations.