The latest Australian wool auctions have marked a significant upturn in prices, signaling a shift in market sentiment and atmosphere compared to recent sales. Across various wool types and descriptions, prices have shown steady gains driven by robust competition and vigorous buying interest from key global markets. Notably, Australia's largest export trader played a pivotal role in dominating this week's proceedings.
The ICE cotton market witnessed significant losses in the initial days of the trading week, continuing a downward trajectory influenced by multiple factors, including a robust dollar index and favorable weather conditions in the United States. Despite hopes pinned on surging crude oil prices, cotton futures remained vulnerable to a substantial sell-off, plunging to new yearly lows as market sentiment weakened.
In a bid to bolster workplace compliance and safeguard labour rights within Kenya's vibrant textile industry, the International Labour Organisation (ILO) has embarked on a transformative journey alongside tripartite partners. Through the All Hands in Kenya (AHK) project, the ILO underscores the pivotal role of robust legislative frameworks and efficient labour market institutions in nurturing productive and harmonious employment ecosystems.
Page 5 of 25
