International Cotton Advisory Committee (ICAC) has revised the 2020/21 cotton consumption forecast upward this month from 24.2 million tonne to 24.5 million tonne. While the projected 7 per cent year-over-year increase isn’t nearly enough to offset the losses caused by the pandemic, it’s expected to outpace production, thus drawing stocks down by the end of the season. Stock levels are expected to drop to 21.1 million tonne by the end of 2020/21, which would represent a 1 per cent decrease from the previous season.

The Secretariat is projecting an increase in global trade. Both China and Pakistan are forecast to increase imports, the former benefitting from the price gap between domestic and foreign cotton and the latter due to a decrease in domestic production. This month, the Secretariat’s price projection for the year-end 2020/21 average of the A Index is 75.7 cents per pound.

Cambodian garment exports to the EAEU (Eurasian Economic Union) dropped by 36.6 percent year on year between April and June of 2020.

As per reports, the garment industry is a backbone of Cambodia’s export industry with the Kingdom contributing more than half of the nation’s total merchandise exports, said Fibre2Fashion.

It noted that most of the garment manufacturers of Cambodia still follow the cut-make-trim technique because of underdeveloped manufacturing technologies and lower capital availability. The US and the EU are Cambodia’s major apparel export destinations and account for more than three-quarters of the sector’s total apparel exports.

Bilateral trade between Cambodia and the EAEU reached $67.36 million in 2020. Exports from the Kingdom were $52.19 million. EAEU imports from Cambodia reached $15.17 million.

Products exported to the EAEU were primarily clothes, footwear and rice. Imports include gems, fertilizers, animal feed, tractors, paper and pharmaceuticals.

The 36th edition of Spinexpo has been postponed to April 27-29, 2021 in Shanghai. As per Knitting Industry, the leading international industry sourcing exhibition is dedicated to innovation in yarns, fibers and knitwear.

Hosting leading high-quality international exhibitors, the show welcomes a globally diverse range of international visitors including; couture, ready to wear, knitwear, hosiery, activewear and homeware.

The show attracts senior decision makers, sourcing professionals, designers and buyers, who come to source new, innovative and directional products, make new connections, strengthen long-term relationships and be inspired. Spinexpo provides a series of complementary learning and networking

opportunities, through seminars, presentations and catwalk shows. Focusing on presentations that encourage open industry dialogue, the Spinexpo team, in collaboration with Fashion Snoops, brings together professionals that include leading international spinners and machine manufactures to discuss seasonal subjects openly.

Spinexpotalso hosts seminars by leading exhibitors such as Woolmark, offering a unique and diverse vision allowing for both professional and creative development.

The yet to recover apparel business and fresh lockdowns in EU and US has led to a 40 per cent increase in Bangladesh’ yarn prices, says Md Fazlul Hoque, Managing Director, Plummy Fashions. As per Textile Today, prices are expected to stabilize in coming months with an increase in production. Demand is likely to rebound on recovery from the pandemic leading to a decline in cotton stocks, says an ICRA report. However, absolute cotton stocks, as well as cotton stock-to-use ratio, are expected to remain high.

The rise in local yarn prices can be attributed to growing international cotton prices that also affected Bangladesh’s garment shipments, especially of knitwear, during the ongoing pandemic, says Monsoor Ahmed, Secretary, Bangladesh Textile Mills Association (BTMA).

Yarn production gathers momentum

Another reason for the rise in yarn price was an increase in transport costs to cotton mills which adds to importer’s costs. The rise in cotton prices in international markets could be attributed to increased imports by China, the largest consumer worldwide. This year, China aims to import an additional five lakh bales to take the total to 1,000 lakh bales to tame its local market.

Despite being major cotton producers, China and Pakistan have increased their import targets as the price of cotton manufactured in China is high. On the other hand, Pakistan does not produce the required quantity, hence it plans to import an additional four lakh bales, indicates United States Department of Agriculture (USDA) report. However, Bangladesh may reduce its import by five lakh bales in the cotton marketing year (August to July) of 2020-21 as cotton prices now exceed pre-pandemic levels for factors including a recovery in use by mills, says the USDA report.

The ICRA report shows, cotton yarn production increased 4 per cent between September to October 2020 and 35 per cent in the seven months of current financial year. As per Ashwin Chandra, Chairman, SIMA, production has picked up and is expected to continue rising in the next two-three months, stabilizing prices.

Mills reopening cool off prices

The reopening of spinning mills is also expected to cool off increased prices as all old stock is expected to be used. Shahid Alam, Vice-Chairman of Shah Fatehullah Textile Mills and Jalal Ahmed Spinning Mills, says, over the last two months, old stock has been reducing gradually and demand for yarn was improving in local market, though it is yet to reach pre-pandemic levels. The exorbitant rise in yarn prices is affecting the handloom sector. In the last 3-4 months, cotton yarn and artificial yarn prices have surged 50-60 per cent and currently prices are 20-30 per cent higher than in the pre-COVID-19 era.

China is waking up to a new trend of luxury sportswear collaborations. This can be seen from the recent influx of collections for example, Dior x Descente collection, AK Skis, POC men’s collection for skiing, Prada and Adidas’ new collection for sailors and Jil Sander x Arc’teryx collection for outdoor lifestyle.

Fashion with function

As per Jing Daily, consumers are looking for a blend of fashion and functionality from such sportswear collaborations. They have fewer expectations about high-tech features and are reluctant to buy luxury sportswear due to performance issues.

Besides, product design and production, innovative marketing strategies are also the major requirements of such sportswear collaborations. If done well, these collaborations benefit both luxury and sportswear brands, says Cyril Drouin, Chief e-commerce Officer, Publicis China and North Asia. Sports brands can tap into the luxury and exclusive brand image, while luxury brands can have added lifestyle feel. Rogier Bikker, Founder and CEO, Tomorrow rates the Gucci x The North Face collaboration to be one of the best as it combined the logos of both brands.

Return of fitness trend a big boost

The rise of sportswear collaborations can also be attributed the return of fitness trend in China. Growing popularity of sports is boosting demand for sportswear in the country. As per the country’s four-year National Fitness Initiative by the State Council in 2016, China aims to boost fitness awareness and encourage people to practice sports at least once a week.

The country saw sports trend grow during 2020-end as people returned to their active lifestyles after the lockdown. As a recent article ‘No Fitness, No Life’ states, places like Shanghai, Tianjin, and Jiangsu Province are attracting residents to work out at local stadiums and gyms. Travel ban hasn’t stopped Chinese from exploring sporting activities within their borders. This has led to China’s sportswear sales more than doubling from $22.9 billion (148.3 billion yuan) in 2014 to $48.9 billion (316.6 yuan) in 2019, reported Statista last December.

Big brands can therefore experiment with more such collaborations without causing any damage to existing customer base and gathering new ones, says Patrick Gottelier, Founder and Professor, Shanghai DeTao Master of Apparel and Product Design.

The Pakistan-based textile mill Soorty recently achieved one gold certification and one core certification status of its business from the Alliance for Water Stewardship (AWS), making it the first company to attain this status in the country across all sectors.

Equipped with innovative water recycling plants, Soorty reuses the majority of water consumed during everyday operations. The minimal waste that’s produced is then treated so it’s classified as drinkable water before it makes its way back to land.

The company also carries a gold certification from Cradle to Cradle for its Pure D fabric, which is made using proprietary Zero Waste Water dyeing technology, and was an early adopter of the Ellen MacArthur Foundation’s Jeans Redesign project, a universal framework for circular denim production. When Soorty joined in 2019, the organization extended its guidelines requiring fabric mills to implement ZDHC (Zero Discharge of Hazardous Chemicals) wastewater guidelines, including testing and reporting, and to produce no more than 0.025 cubic meters of wastewater per yard.

More than 500 global brands have committed to using the latest version of the Higg Brand & Retail Module (BRM), a value chain sustainability assessment tool released today by the Sustainable Apparel Coalition (SAC) and its technology partner Higg. Walmart; Patagonia; Nike, Inc.; H&M; and VF Corporation are among the companies that will use the Higg BRM over the next two years to gain a deeper understanding of their own operations and their value chain practices with the goal of improving social and environmental impacts and working together to fight the climate crisis.

Starting today through June 30, SAC member brands and retailers have the opportunity to use the Higg BRM to self-assess the social and environmental sustainability performance of their 2020 business and value chain operations. Then, from May to December, companies have the option to verify their self-assessments through an approved third-party verification body.

One of the five Higg Index sustainability measurement tools, the Higg BRM enables evaluation of the social and environmental impacts of brands across a wide range of business operations, from packaging and transportation of goods, to the environmental impact of stores and offices and the well-being of factory employees. The assessment measures 11 environmental impact areas and 16 social impact areas. Through the Higg sustainability platform, companies of all sizes can uncover opportunities to improve their supply chains, from lowering carbon emissions, reducing water use, and ensuring supply chain workers are treated fairly.

Stoll plans to organize a webinar on March 22, 2021 through the online platform of Fashion Council Germany on the topic of digitalisation and sustainability in STOLL flat knitting.

The FCG is the patron to strengthen the German fashion and design landscape for a visionary, technological & sustainable future in a global market. It represents the interests of fashion "designed in Germany". Founded in January 2015 in BerlinItpromotes German fashion design as a cultural and economic asset and supports young designers from Germany. In addition to the promotion of young designers, special attention is paid to education, sustainability and fashion technology as well as to the promotion of cross-disciplinary dialogue and networking. Against this background, the Council carries out essential lobbying work in politics, business and culture, strives for visibility and emphasises the global relevance of fashion design and Germany as a fashion location at home and abroad.

The Uttar Pradesh (UP) Government has invited Vietnamese players to invest in the textile sector and offered incentives like easing tax compliance for setting up MSME units in the state, schemes like One District One Product (ODOP) for the organizations that wish to invest in the state.

Addressing a virtual event India-Vietnam Trade and Investment Connect, NavneetSehgal, Additional Chief Secretary, MSME of the state said that UP has liberalised the policies and brought many changes in the ecosystem with various potential growth areas for tie-ups.

The event was jointly organised by the Indian Industries Association (IIA) and Embassy of Vietnam in India.

This virtual meet made entrepreneurs aware of the opportunities and scope of investment for expanding their business in Vietnam which will help them to make their presence in the global market.

Organised by environmental NGO Redress with Create Hong Kong of the Government of the Hong Kong Special Administrative Region as the Lead Sponsor, the Redress Design Award has partnered with VF Corporation and its Timberland brand for its 11th edition

The Timberland prize partnership forms part of a wider long-term strategic relationship between the Redress Design Award and VF. This is the third cycle of collaboration working to drive meaningful change among the future leaders of fashion through education, which forms the backbone of the programme, with over 50,000 individuals worldwide having benefitted from educational content and activities throughout the competition’s history. The partnership will also include a design challenge for all ten finalists later this year plus collaboration on key content around circular design in action for the Redress Design Award 2021 open access LEARN platform.

The first prize winner of the Redress Design Award 2021 will join VF Corporation’s Timberland team to collaborate on a design project, and will have the opportunity to work closely with VF’s Sustainability & Responsibility team to gain exciting insights from across the supply chain from sourcing to product development, while deepening their skills and understanding around sustainable production and marketing.

In addition to this career-boosting prize, the first prize winner will be awarded HK$50,000 (US$6,400) as development funding. The Runner-up and Hong Kong Best winners of this cycle will also each receive HK$15,000 (US$1,900) as development funding – a first in the Redress Design Award’s history – among other notable prizes.

The online application for the Redress Design Award 2021 is open until 15 March 2021 for emerging designers around the world with less than four years’ professional experience. Thirty semi-finalists will be announced on 22 April and then the ten finalists on 13 May. The finalists will show their collections in Hong Kong in early September 2021 at the livestreamed Grand Final Show, and winners will be announced.