Home / Knowledge / News / Textiles / ITMF expresses concern over soaring cotton prices
ITMF expresses concern over soaring cotton prices
08
Nov '10
At its Annual Meeting in Sao Paulo/Brazil the International Textile Manufacturing Federation (ITMF) expressed its concern about the soaring cotton prices and their negative implications for the international cotton textile value chain from fiber to retail. The ITMF stated that the textile industry all over the world is not in the position to absorb any longer cotton price increases of unprecedented dimensions recorded during the past months without risking its own existence.

The ITMF calls upon the retail industry to change its business model to this new business environment of higher raw material prices. During the past 20 years the global textile industry was exposed to a deflationary environment with nominal prices for apparel and home textiles having fallen during this period on average by approximate 50%. This trend is not sustainable and has to be reversed.

Before this background the ITMF invites the retailers, department stores, and distributors around the world to discuss with their suppliers the fundamental changes taking place in the global textile value chain in order to better understand the risks and threats involved for all stakeholders and to develop strategies that allow for a healthy and viable textile value chain.

The International Textile Manufacturers Federation (ITMF) is an international Association for the world's textile industries, dedicated to keeping its world-wide membership constantly informed through surveys, studies and publications and through the organization of annual conferences, participating in the evolution of the industry's value chain and publishing considered opinions on future trends and international developments. Through ITMF the textile industries cooperate at the international level with organizations representing other sectors allied to their industry.

International Textile Manufacturing Federation (ITMF)

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search