INSIGHTS The inflation rate in Germany, measured as the change in the consumer price index (CPI) compared with the same month a year earlier, is expected to stand at 2.2 per cent in March, official statistics show. Consumer prices increased by 0.3 per cent month on month in March. Core inflation (excluding food and energy) is expected to stand at 2.5 per cent in the month. The inflation rate in Germany, measured as the change in the consumer price index (CPI) compared with the same month a ye

INSIGHTS China's General Office of the State Council has issued guidelines aimed at further strengthening trade policy compliance with WTO regulations. Compliance assessment should be a necessary prerequisite of the introduction of new trade policies, the guidelines emphasised, requiring governments at all levels to assess proposed trade policies in accordance with WTO agreements and China's commitments. China’s General Office of the State Council recently issued guidelines aimed at fur

INSIGHTS ICE cotton futures dipped on Tuesday amid weakness in grain markets and cautious sentiment ahead of the USDA planting intentions report. While several contracts recovered on Wednesday, recent sessions have mostly closed lower. Analysts expect cotton prices to remain range-bound until the USDA releases its report on March 31. Trading volumes increased, while futures stocks remained unchanged. ICE cotton futures eased on Tuesday due to weakness in the grain market and cautious buying a

INSIGHTS ICE cotton futures declined for a second consecutive day as bearish sentiment persisted, despite a weaker dollar and rising crude oil prices. Technical resistance prevented gains, with short positions remaining dominant. Trading volumes were light, and analysts noted weak momentum. S&P Global revised its 2025 US cotton acreage estimate downward. ICE cotton futures continued to decline on Tuesday as bearish sentiment persisted in broader financial markets. US cotton ignored rising

INSIGHTS The global sporting goods industry faced a difficult environment in 2024, with softer growth prospects, inflation and cautious consumer spending, a McKinsey report found. Despite that, the industry managed to sustain a 7-per cent growth rate a year from 2021 to 2024. The growth outlook for 2024-2029 is projected at 6 per cent a year, driven by a slowdown in APAC, Western Europe and Latin America. The global sporting goods industry faced a difficult environment last year, with softer

INSIGHTS EDANA, representing over 250 companies in the nonwovens sector, has warned that proposed EU countermeasures to recent US tariffs could harm essential supply chains. Highlighting reliance on US fluff pulp—over 80 per cent of EU imports—EDANA has urged the European Commission to avoid actions that would raise costs, disrupt supplies, and impact vulnerable communities. EDANA, the leading global association representing the nonwovens and related industries, has expressed conc

INSIGHTS Though global trade started the year on stable ground, new risks loom, including trade imbalances, evolving policies and geopolitical tensions, UNCTAD said. The gap between developing and advanced economies is widening. Asia and Latin America are key trade drivers, but growth has slowed in many advanced economies. South-South trade is holding up, and intra-Africa trade is shrinking. Though global trade started the year on stable ground, but challenges are mounting and new risks loom,

INSIGHTS USDA's March 2025 WASDE report projects a 500,000-bale increase in global cotton production, reaching 120.96 million bales in 2024-25. However, global ending stocks were reduced by 80,000 bales, while exports rose by 200,000 bales. Consumption estimates increased, particularly for Pakistan, Bangladesh, and Egypt. Despite higher production in China, declines in Pakistan and Argentina offset gains. For 2024-25, the United States Department of Agriculture (USDA) has projected an increas

INSIGHTS China's retail sales of consumer goods rose by 4 per cent YoY in January-February 2025 to reach 8.37 trillion yuan ($1.17 trillion). Online retail sales rose by 7.3 per cent YoY to around 2.28 trillion yuan in the period. In particular, online retail sales of physical goods rose by 5 per cent YoY to 1.86 trillion yuan, accounting for 22.3 per cent of the total retail sales of consumer goods. China's retail sales of consumer goods rose by 4 per cent year on year (YoY) in the first two

Key Takeaways Textile recycling transforms waste into valuable resources, reducing environmental impact, conserving natural resources, and fostering sustainability. Despite challenges like material complexity and high costs, advancements in digitisation, smart sorting, and chemical recycling offer promise. Collaborative efforts can drive a circular economy. The global fashion industry produces a staggering amount of waste every year. According to recent studies, over 92 million tons of tex