ICE Cotton Prices Rebound on Market Optimism

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Published: Friday, 17 May 2024 17:26

ICE cotton prices experienced an uptick on Wednesday, bouncing back from recent yearly lows, fueled by short covering and favorable external factors. Stable US inflation data has raised the possibility of a Federal Reserve rate cut, injecting optimism into the market. Additionally, a weaker US dollar lent support to cotton prices. Despite hitting a new yearly low of 73.68 cents, the ICE July contract recovered after finding technical support.

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U.S. Bans Products from 26 China-Based Textile Companies over Forced Labor Concerns

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Published: Friday, 17 May 2024 17:12

In a significant move aimed at combating forced labor practices, the U.S. Department of Homeland Security (DHS) has expanded its efforts by adding 26 China-based textile companies to the Uyghur Forced Labor Prevention Act (UFLPA) entity list. Effective immediately, goods produced by these entities will face restrictions, barring their entry into the United States.

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Juki America and Coloreel Forge Groundbreaking Partnership to Revolutionize Sewing Industry

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Published: Thursday, 16 May 2024 02:38

In an exciting joint announcement, Juki America and Coloreel have unveiled a partnership that promises to transform the sewing industry with innovative thread dyeing technology. Coloreel, renowned as the world's only printer for on-demand thread dyeing, is set to integrate its groundbreaking technology with Juki sewing machines, offering access to millions of precise colors in real-time.

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  1. Global Cotton Market Witnesses Sharp Decline in Prices
  2. ICE Cotton Sees Modest Recovery Amidst Demand Uncertainty
  3. ICE Cotton Prices Stage Remarkable Recovery Driven by Short-Covering Rally
  4. French Luxury Fashion Group SMCP Reports Decline in Q1 FY24 Sales, Outlines Mid-term Action Plan for Recovery