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Cotton price rise of global apparel industry incre
As emerging markets for shirts and sheets for various cotton textile industry, forcing demand surge to hoard cotton, cotton prices will rise to 1995. Due to the increased cost pressure, extremely cotton jeans Levi Strauss manufacturer has in the second half of the products in price.
According to the American government figures, China's biggest consumer of cotton by heating, American cotton garment demand has increased this year to export sales 24%. In addition, bloomberg survey of analysts estimate that, in October of cotton, cotton crop prices are likely to continue until 94.9 percent to lift the cents per lb 15 years.
Although American economic recovery was slow in Asia, but the evidence emerging developing countries, especially China under the demand for cotton, cotton prices has continued bullish.
Cotton bull gains, let "s special manufacture Levi Strauss, Levi jeans and production with magic Hanes underwear bra Hanesbrands known as clothing manufacturers feel pressure lower cost. The last cotton prices come over 90 cents per lb is in 2008, when Paul including Reinhart part, unable to cost burden, forced into bankruptcy.
Commodity consultant company executive director Logic Advisors, "rosen global consumption is explosion". He pointed out the current situation of cotton demand.
And Levi Strauss supply including VF us apparel industry as the largest producer of global tannin cloth next, India Arvind said the March 1, sales will be increased by 23% to 400 million rupees.
Cotton increased costs, make clothing manufacturer was forced to take part costs increased transfer to consumers. Levi Strauss CEO Anderson said, "said France is a big pressure on this business. He is said to have in the second half on price.
Shanghai waysmos easy consulting Co., LTD, chief executive officer li keep natural world one-third of cotton production this year, Chinese cotton output may reduce 5 to 10 percent.
"Chinese textile net source."
Editor: lara