Home / Knowledge / News / Apparel/Garments / Clothing exports feel heat of rising raw material prices
Clothing exports feel heat of rising raw material prices
30
Aug '10
Soaring international cotton prices in upstream raw materials sector is an important reason for rising prices across the entire textile industry chain this year. Global cotton prices have been on the rise since the end of last year.

The surge in prices of cotton has been rapidly transmitted to the yarn fabric and apparel processing sector and consumers as well. The average price of standard cotton grew from 12,831 Yuan / ton in 2009 to 18,165 Yuan / ton in July of this year.

The ferocious rally of international and domestic cotton and other raw materials, coupled with the pressure of RMB appreciation have diluted again and again, business profits of the domestic textile and apparel sector.

The pressure of slow RMB appreciation has never weakened, textile and garment enterprises in Guangdong are mainly SMEs, who work on very low margins and are very sensitive to appreciation of the Renminbi.

If the Renminbi restarts appreciation, their profit margins will be totally wiped out and may also go in to negative territory, which could have serious repercussions on the apparel sector as a whole, more so if they are not able to pass on increased costs to the buyers.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

Indonesia may ease procedures for raw material import

In order to boost the competitiveness of the domestic textile...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search