The Better Cotton Standard has announced that a recent third-party audit found no breach of its standards at certified farms in Brazil, which were recently linked to environmental and human rights abuses. However, while the audit results provided some relief, concerns remain about the efficacy of the assessment process and the broader impact on local communities.
Researchers at the University of Alberta are spearheading a groundbreaking initiative to revolutionize the textile industry by transforming agricultural straw into versatile, environmentally friendly fibers. Led by textile scientist Patricia Dolez from the Faculty of Agricultural, Life & Environmental Sciences, the project holds immense promise for creating a sustainable alternative to traditional textile materials while bolstering Canada's bioeconomy.
The cotton market endured another tumultuous week, marked by price fluctuations and cautious sentiment as the December contract plunged to a low of 77.26 cents before rebounding slightly to settle the week at 77.55. While the old crop May contract closed at 78.69 cents, attention now turns to the upcoming spot month, July, which settled above 80 cents at 81.02. However, this optimism was tempered by the realization that only three contracts on the Board closed above 80 cents, indicating ongoing volatility and uncertainty in the market.
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