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The Cost Of Cotton Increased By &Nbsp; The Pressure On The Global Apparel Industry Doubled.

2010/8/18 9:13:00 50

With emerging market pairs

shirt

The demand for all kinds of cotton fabrics has soared, forcing textile producers to restock cotton, and cotton prices will climb to a high level in 1995.

Levi Strauss, a jeans maker, has raised its prices for its products in the second half of the year because of the pressure on cotton costs.

according to

U.S.A

According to government data, the export of American cotton has increased by 24% this year by the demand for clothing in the largest cotton consumption country.

In addition, Bloomberg's survey of 17 analysts showed that cotton prices could continue to rise to a 15 year high of 13% to 94.9 cents per pound before the cotton harvest in October.

Although the US economic recovery is slowing down, signs of development are emerging, but cotton prices continue to rise in Asian developing countries, especially China's demand for cotton.

Cotton long rally, making Levi Strauss specially manufactured Levi "s Jeans", as well as producing magic bra and Hanes.

Underwear

Famous Hanesbrands and other downstream garment operators feel the cost pressure.

The last time cotton prices came to more than 90 cents per pound was in 2008, when some Paul Reinhart companies were forced to declare bankruptcy because they could not afford the cost burden.

Rosen, executive director of Logic Advisors, a commodities consultancy, said, "global consumption is exploding."

He pointed out that the current situation of cotton shortage is increasing.

India Arvind, the largest producer of tannin fabrics in the United States, including VF and Levi Strauss, said that sales will increase by 23% to 40 billion rupees by the end of March next year in the 1 years.

The increased cost of cotton has forced apparel manufacturers to shift some of their cost to consumers.

"This is a great pressure on business," Levi Strauss executive Changan said at the Law Conference.

He also said that prices had been raised in the second half of the year.

Li Qiang, executive director of Hai Hui Yi Consulting Co. Ltd., pointed out that China's cotton production could be reduced by 5 to 10% this year, as the natural disaster continues to make 1/3 of the world's cotton production.

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