The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Cotton prices in India grew between 7 and 10 percent in January, compared with a month earlier, due to strong export demand for cotton yarn, according to India Rating and Research (Ind-Ra) data.
India’s cotton exports increased by 27.5 percent year-on-year during December 2020 and by 96 percent for the October-December quarter, compared with the same period a year earlier.
Domestic yarn production also increased in January, led by strong export and moderate domestic demand during December 2020. China’s demand for Indian yarn returned to pre-pandemic levels during the November-December period and in January, cotton yarn prices increased 30 per cent year-on-year.
This higher demand for Indian cotton yarn is attributed to global supply chain curbs on cotton sourced from the Xinjiang region, which is likely to continue benefitting Indian spinners.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.