Home / Knowledge / News / Textiles / Textile experts deride once-a-month pricing policy
Textile experts deride once-a-month pricing policy
18
Feb '11
Textile experts have not taken kindly to the policy being formulated by the Taiwanese Ministry of Economic Affairs (MEA) requiring producers across the textile value-chain to change prices of their products to just once-in-a-month.

The MEA according to reports emanating from Taiwan has suggested the once-in-a-month pricing policy to safeguard the interests of the downstream producers like fabric manufacturers to protect them from the volatility of raw material prices as well as ensure adequate supplies.

Global cotton prices have shot through the roof in recent months, amid a skewed global supply-demand gap of the commodity. Along the way, producers of man-made fibres too picked up the cue and prices of PSF alone have increased by 19 percent in 2011.

However, experts opine that market prices in the long run are driven by the factor of supply-demand and it would be erroneous on the part of the government to artificially regulate prices of textile raw materials.

They add by saying that at a time when global prices of cotton are is under going high volatility, it would become impossible or even suicidal for anyone in the textile value-chain to stick to a single price for the course of a whole month.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Urmil Arya

Sushila International, a well established textile organisation established ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search