Cotton Prices Soared And Businesses Swallowed Up 10% Profits.

In the first 8 months of this year, my county textile

Cotton prices skyrocketing

"Cotton prices have gone up too fast."

"Bao textile printing and dyeing" is the largest export enterprise in our county. The raw material required is 100% cotton.

"The cost of raw materials, labor and other costs has brought disaster to the export situation of our county textile and garment enterprises."

The head of the county's foreign trade and Economic Cooperation Bureau said that the appreciation of the renminbi will also pose a threat to textile exports, which will lead to the loss of export orders, the decrease in foreign exchange settlement and the decline in profits, which will slow down the recovery of exports.

Trade barrier

"At present, the European and American economies are facing downside risks, inventory and order growth has slowed down, and the strength of refunding has weakened, which is a big shock to our county's export recovery growth."

Shen, manager of the Ministry of foreign trade of a printing and dyeing export enterprise, said Shen.

He has been engaged in foreign trade for more than 10 years, mainly developing the European and American markets.

"Customer orders are not as straightforward as those in the first half of the year, and the number of orders has been reduced."

Shenyang analysis, which is related to the outbreak of the EU debt crisis, makes euro zone countries compress spending and reduce consumption.

At the same time, the depreciation of the euro and the passive appreciation of the renminbi will affect the export situation in the last quarter of this year.

According to the insiders, the slowdown in global economic growth has greatly stimulated the release of protectionist sentiment.

Not long ago, the US business department announced 14 proposals for strengthening trade remedy measures, aimed at strengthening the enforcement of anti-dumping and countervailing measures, and adopting a more severe stand on the issue of unfair import trade. Once the above measures are implemented, the external environment of China's textile and garment export will become more severe.

In addition, in recent years, countries have built up trade barriers to protect their own industries by raising standards of safety, hygiene and environmental protection.

In 1-8 months this year, the European Union recalled 175 items of China's textile and apparel products, an increase of 127% over the same period, of which only 36 items were recalled in August, an increase of 6.2 times, accounting for 49% of the total recall of textile and apparel products.

Struggling to pform

There is a big uncertainty in the international market because of the rising cost of raw materials, labor and other costs. To maintain sustained and steady growth of the economy, we must send a powerful blow to accelerate the pformation and sprint the four quarter.

"2/3 of the company's products are sold through foreign stores such as Nigeria, and we are also ready to open up the domestic market."

Faced with many unfavorable factors, the "Bao textile dyeing and printing" business operators are actively innovating.

Unlike the "Bao textile printing and dyeing" market pformation, "BELLE Heng" is to adjust the product mix to cope with the current domestic and international challenges which are not optimistic.

Affected by the rise in cotton prices, the company gradually reduced the total cotton printing and dyeing according to the market situation, and increased the printing and dyeing products of cotton and knitted fabrics.

Facing the challenge of complex situation at home and abroad, it is urgent for our county textile enterprises to actively pform the way of economic development.

According to the analysis of the industry, enterprises should speed up the pace of pformation and structural adjustment, improve the quality and efficiency of economic growth, and gradually achieve high efficiency, high quality, low carbon and branding by relying on scientific and technological progress and innovation.