Legal Media Said The Floods In Pakistan And China'S Mudslides Seriously Affected The World'S Cotton Production.

　　 Eighty-three Cent Half a kilogram has created a new high price of raw materials for cotton since 1995. World cotton prices have risen 21% since February of this year. The floods in Pakistan and China's debris flows have seriously affected the world's cotton production because China and Pakistan It accounts for 40% of world cotton output. Natural disasters led to a 8% reduction in cotton production in Pakistan and 10% reduction in cotton production in China. When the cotton in the northern hemisphere matures in November, its output will be lower than expected 10%-15%.

Meanwhile, 70% of the United States. cotton The harvest has already been sold, and the supply of cotton may not be able to meet the contracts already signed. Because cotton production has been decreasing in recent two years, the situation is even more serious. Owing to lower cotton prices in previous production seasons, cotton planting area has decreased by about 25%.

American jeans company Levi 's said it will start to increase prices in the second half of this year. Sweden's H & M clothing company believes that if the situation is serious, inflationary pressure will be inflationary. First of all, low profit textile brands are facing the danger of raising prices, and the profits of medium and high grade textiles are higher.

French Fashion Federation Secretary General F-M. g Rio believes that the clothing brand will not immediately follow up the price increase, but how long it will be hard for the apparel industry to support it.