Brazil Predicts That Clothing Prices Will Rise By 30% This Year.

It is understood that, because of the current Cotton price The price of clothing next summer is likely to be 10% to 20% more than that of last year, or even 30%. Next year in Rio Summer fashion show (FASHIONRIO) last week, these clothes will be on sale in August this year.

　　
Because Brazil 60% of the textile or clothing is made of cotton. Cotton price rise The result is the rise in prices of textiles and clothing. According to statistics, cotton prices rose 248% from 15 in September 30, 2009 to March this year, and 48% in the past 12 months. Cotton prices rose from 1.62 yuan per pound (0.454 kg) in January last year to 4 yuan in March this year, although the price dropped in April this year, it also had 3.54 yuan. (1 US dollars to 1.533 Brazil dollar)
　　
In addition, according to Brazil textile industry It is estimated that Argentina's textile exports to the country may be reduced by 15% this year because of the protective measures taken by the Brazil. If Argentina continues to take protective measures, the Brazil industry's losses could reach US $sixty million this year. Because both Argentina and Brazil are members of the common market of South America, many goods can be automatically passed through the border between the two countries when they sell their goods to each other. But now the two countries have adopted restrictive import measures for some goods in order to protect their respective markets. Even if they are imported from member countries, they must apply for "Licencas Nao Automaticas" first. This license is approved for at least 60 days and slowest to 150 days.

　　
Argentina is the main exporter of Brazil textiles. Last year, Brazil exported $four hundred million to textiles in Argentina. What worries Brazil's textile industry is not only the reduction in exports to Argentina, but also the competition in the import of textiles from the mainland of China, because the mainland's textile industry has entered the Brazil market with a cheap offensive. From 1-4 this year, the textile imports in Brazil increased by 33% (most of which were imported from the mainland), but the export of textiles in Brazil increased by 5.8% during that period.