In bustling shopping centers across Jakarta, the allure of unbelievably low prices draws in throngs of consumers eager to snag a bargain. One-piece sleepwear for a mere 25,000 rupiah (S$2), or a two-piece set priced at 35,000 rupiah, seem too good to pass up. Yet, behind the enticing deals lurks a shadowy market of illegal imports that pose a significant threat to Indonesia’s economy and local industries.
The ICE cotton market maintained its resilience, registering modest gains across various contracts, despite some disappointing data on US cotton export sales. Traders kept a keen eye on market dynamics, with the rally in crude oil prices and a weaker dollar index offering support to cotton prices.
Australian wool growers had reason to celebrate last week as rain graced many of the country's wool-growing regions, injecting positivity into the wool auctions. Buyers showed keen interest in all types and descriptions of wool, with a particular focus on lots with lower levels of vegetable matter (VM), indicating a preference for higher-quality wool.
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