Alexandra Wexler reports today that “despite heavy purchases, China still needs millions of tons of cotton to feed its mills”, “traders are positioning themselves for a rise in cotton prices.” For the full article, click here.
30/04/2012 at 2:28 pm
Investment expected to create 25 new jobs
COLUMBIA, S.C. – Naturally Advanced Technologies Inc., which produces and markets CRAiLAR®, a natural fiber made from flax and other bast fibers, plans to open a facility in Florence County. An initial $8 million investment will create 25 jobs as part of the company’s move to the county.
“We thank the state of South Carolina, Florence County and all those who helped to establish the company’s presence in South Carolina,” said Ken Barker, CEO of NAT. “We are proud to see our investments and hard work beginning to pay off in the form of the production of CRAiLAR for commercial use. We’re particularly excited that Hanesbrands, our first production partner for Crailar, is being recognized this month for its sustainability efforts by the U.S. Environmental Protection Agency, and that it cited the use of our flax fiber, produced out of our test facility in Kingstree, in its EcoSmart socks available at retail in April. We look forward to further establishing our commercial, agricultural and civic partnerships in the state.”
To read the full story click here.
13/03/2012 at 12:15 pm
Just when it seemed as if the price of cotton was heading down and clothing retailers could get back to the important business of style rather than the tedious business of product costs, India goes and drops the hammer on the cotton market. On Monday, the Indian government announced that it will immediately and indefinitely ban all cotton exports, including shipments that had already been scheduled but not yet shipped.
Not this again
Around this time last year, clothing retailers were struggling to survive after the price of cotton had nearly tripled in just one year. Despite a long drought in Texas, where much of the United States’ cotton is grown, prices fell by more than 50% throughout the year. The United States is the world’s biggest cotton exporter, but the trouble here was outweighed by what is projected to be a record harvest in Australia and softening global demand. To read the full story click here.
12/03/2012 at 1:07 pm
(Reuters) – India banned cotton exports with immediate effect on Monday to ensure supplies for domestic mills, boosting global prices some 4.5 percent as the absence of shipments from the world’s second-largest producer might tighten a market facing weak demand. Read the full story here.
05/03/2012 at 11:20 am
Consumers would increase sustainable apparel purchasing if only they could find it, according to a survey by Ryan Partnership Chicago and Mambo Sprouts Marketing.
Some 69 percent of consumers considered sustainability at least sometimes when purchasing clothing in 2011 and shoppers intend to double their eco-apparel purchases this year, according to the 2012 Styling Sustainability survey. Click here for full story.
27/02/2012 at 3:37 pm