Is The Clothing Price Rising In India'S Domestic Market Good Or Bad?

2010/10/11 18:27:00 53

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India's food inflation has already reached its peak. Now that the holiday season is coming, clothing prices may go up and consumers will have a heavier burden, but consumers are already overwhelmed by high food prices.

The main reason is cotton and cotton last month.

polyester

Rise in price.

Cotton and polyester account for

textile industry

80% of consumption. Now, clothing brand has become an imperative thing to raise the cost of clothing.

The price of cotton exploded, even though the government had imposed an export tax on cotton.

Domestic prices are mainly driven by international prices, while international prices have hit the highest point in 15 years.

The Carle 6 cotton variety (Shankar - 6) planted in Gujarat is also

overseas market

One of the most demanding varieties, the price of this variety has increased to 38000 rupees / candy from 22800 rupees / candy (356 kg) in the first week of October last year.

Clothing brands believe that it is impossible for them to digest part of the increase in production costs, because fabric producers also have to raise prices as cotton and polyester prices rise, while yarn prices also rise.

According to experts, due to the active demand, the number of domestic consumers has increased. Considering the coming of the festival and wedding season, the domestic market price may rise.

However, the price of clothing exporters is unlikely to rise because the demand for major overseas markets has not yet recovered, so it is difficult for exporters to pass the cost increase to the buyers in such a situation.