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Insight15 May 2017Invista, owner of the Lycra brand, has purchased Cone Denim’s and ITG’s dual core patent portfolio.
Prices15 May 2017The South African wool market traded higher at this week’s auction and the Cape Wools Merino Indicator increased by 293 points (1.8%) to close at a value of R162.37 (Clean).
Cotton prices have remained suppressed in India because of the strong INR. The strong currency has attracted spinning mills in India to cotton fibre imports.
Prices15 May 2017According to latest figures provided by the United States Department of Agriculture, Chinese estimated demand for cotton fibres in 2016/17 was revised upwards by 750,000 480lb bales, relative to estimates made in April (2.1% increase) to 37 million 480lb bales.