&Nbsp Will Be Affected By Cotton Prices, And Clothing Prices Will Rise Sharply In Austria From 2011.

2010/8/24 11:46:00 59

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News of the news agency,

Austria

Backhausen, chairman of the Commonwealth chamber of textile and apparel, warned that clothing prices would rise sharply in 2011 if cotton prices did not decrease significantly.

Bremen Cotton Exchange since the beginning of this year

cotton

The price surged from 68.60 cents a pound to 109.4 cents.

Cotton prices have risen by 70%-80% in 12 months.

The reason for the rise in cotton prices is that the flood caused cotton failures in Pakistan.

Those enterprises that have cleared all cotton stocks due to the economic crisis now have to pay high prices to buy, and they will face difficulties in survival.

Wartusch, head of the Trade Department of Tyrol State Chamber of Commerce, believes that the current rise in cotton prices has little effect on the price of jeans and sweaters this year, and the first is 2011 and autumn winter in 2011.

Price

It will rise.

The company has purchased textiles needed for spring and summer of 2011.

Overall, prices are stable.

Only in the autumn of 2011 will we be able to judge the price changes if we see whether fashion prices are going up.

In addition, it is hard to predict whether the industry will shift prices to consumers.

Sheth, chairman of the India cotton Federation, said cotton prices will drop because India will abolish the ban on cotton exports, and the US cotton will get the best harvest in 3 years.

US cotton harvest will solve global inventory problems, and India cotton will enter the market and bring down prices.