Cotton Prices Explode &Nbsp; &Nbsp; Clothing Prices In India'S Domestic Market Show An Upward Trend.

2010/10/9 10:16:00 78

India's food inflation has already reached its peak. Now that the holiday season is coming, clothing prices may go up and consumers will have a heavier burden, but consumers are already overwhelmed by high food prices.

The main reason is last month.

cotton

And polyester prices are rising.

Cotton and polyester account for 80% of the textile industry consumption. Now, clothing brands have become imperative to improve clothing costs.

The price of cotton exploded, even though the government had imposed an export tax on cotton.

Domestic prices are mainly driven by international prices, while international prices have hit the highest point in 15 years.

Gujarat's Carle 6 cotton variety (Shankar – 6) is also one of the most demanding varieties in overseas markets. The price of this variety has increased from 22800 rupees / candy (356 kg) to 38000 rupees / candy. in the first week of October last year.

Clothing brands believe that it is impossible for them to digest part of the increase in production costs.

Fabric

Producers also want to raise prices as cotton and polyester prices rise, while yarn prices are rising.

According to experts, due to the active demand, the number of domestic consumers has increased. Considering the coming of the festival and wedding season, the domestic market price may rise.

But clothing

Exporter

The price is unlikely to rise because the demand for major overseas markets has not yet picked up. Therefore, it is difficult for exporters to pass the cost increase to the buyers in such a situation.