EUR/US$: 1.1355
U.S. Cotton: Prices Hit the 4-Cent Limit Down on Tuesday
Barchart: Cotton futures fell the full 4-cent daily limit in most 2026/27 contracts on Tuesday, while the remaining months lost 182 to 275 points. Dec26 settled at 78.86 cents, down 400 points, Mar27 at 81.75 cents, also down 400, and Oct26 at 75.13 cents, down 393. Crude oil dropped $3.66 per barrel on the session and the dollar index firmed. Crop Progress data put bolls opening at 70% and harvest at 17%, two points ahead of normal, with condition ratings at 35% good/excellent. The Seam sold 2,657 bales on September 28 at an average of 83.90 cents/lb, the Cotlook A Index eased 50 points to 93.25, ICE certified stocks held at 28,064 bales, and the Adjusted World Price stands at 66.09 cents/lb.
Source: Barchart
Greece: Household Spending on Clothing Reached €4.6 Billion in 2025
Greek Fashion: Greek households spent an average of €1,820 a month in 2025, 5.5% more than the €1,725 of 2024, or 2.9% more once 2.6% inflation is stripped out. Clothing and footwear ranked sixth among spending categories, growing 2.5% year on year — slightly less than total consumption — which trimmed its share from 5.0% to 4.9%. Per-capita annual spending on clothing and footwear rose to €443 from €432, taking the Greek market to €4.6 billion for the year. Food remains the largest category at 20.4% of household spending, followed by housing at 14.7%, transport at 13.6%, and recreation, travel and eating out at 11.8%.
Source: Greek Fashion
Global: Textile and Apparel Emissions Rise for a Second Year, Driven by Polyester
Textiles Resources: Greenhouse gas emissions from the clothing sector rose 6.3% in 2024 after a 7.5% jump in 2023, reaching roughly one gigaton — comparable to Japan's entire climate footprint — with the expansion of fibre production, polyester above all, a main driver, according to the Apparel Impact Institute. Chief impact officer Kurt Kipka called the direction of travel deeply worrying and pointed to price as the central obstacle: virgin polyester remains cheaper and easier to source than recycled alternatives, whose production is itself energy-intensive. With the Iran conflict pushing energy prices up, he argued renewable power and on-site battery storage are becoming far more attractive for garment makers. Separate institute research suggests sector profits could fall 34% by 2030 on supply-chain disruption and rising costs unless emissions are curbed. Companies with validated science-based targets, or committed to setting them, have grown from about 100 at the end of 2021 to more than 700 by June, though some have retreated — Burberry pushed its net-zero goal back a decade this year.
Source: Textiles Resources
Bangladesh/Pakistan: Closer Ties Sought Across the Textile Value Chain
Textiles Resources: Bangladesh and Pakistan have agreed to deepen business-to-business links and look at wider collaboration along the textile and clothing value chain, in talks between the president of the Bangladesh Knitwear Manufacturers and Exporters Association, Mohammad Hatem, and Pakistan's High Commissioner, Imran Haider. The two sides discussed how to implement the memorandum of understanding signed between BKMEA and the Pakistan Hosiery Manufacturers and Exporters Association and how to organise joint B2B sessions putting companies from the two countries in direct contact. Hatem invited Pakistani firms to the Bangladesh International Textile, Knitting and Garment Industry Exhibition in Dhaka in January 2027 as a way to build supply-chain synergies, and Haider pledged support for stronger two-way trade.
Source: Textiles Resources
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