The Global Apparel Industry Is Facing A Helplessness Of Cotton Prices.
As demand for shirts, sheets and other cotton fabrics soared in emerging markets, forcing textile producers to restock cotton, cotton prices will climb to a high level in 1995. Jeans manufacturers Levi Strauss have been raising prices for their products in the second half of the year due to undue pressure on cotton costs.
According to US government data, the largest
Cotton consumption
China's demand for clothing has increased, and US cotton export sales have increased by 24% this year.
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, let specialized manufacture Levi "s"
Jeans
Levi Strauss, as well as downstream clothing manufacturers such as the production of magic bra and Hanesbrands, known as Hanes underwear, 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.
Commodity consultant company
Logic Advisors
Executive director Rosen believes that "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 Shanghai 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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