Clothing Enterprises: Cotton Prices Soaring When To Rest?

"The rise in clothing prices has started since the beginning of this year, and intensified in June and July."

"Mountain card" clothing company general manager, Gao Shan said.

"In November 2008, the cotton price was about 12000 yuan per ton, and now it is 26000 yuan per ton, which has risen by about 116%."

A commercial textile enterprise in Shenzhen said, "that is, the price of silk has also changed. In 2008, it was 14 tons, and now it is 35.5 tons, or 153.5%."

Reporters from the China Cotton Association official website's monitoring, yesterday's domestic

Cotton prices have risen even higher in recent years.

"The price of cotton has risen very fiercely over the past two years. Last year it increased by 40% compared with the previous year. Now the increase is more than doubled, mainly due to the reduction of the cotton planting area in two consecutive years."

Ma Wenfeng, an analyst with Beijing Oriental Agribusiness Consulting Co., Ltd.

China cotton net researcher analysis, at present, the [22.00 -0.77%] market of agricultural products is extremely hot, the cotton market performance is outstanding. "Recently, a large textile group in Shandong sharply raised the purchase price of 3 and 4 lint cotton, which made the cotton business confidence rise sharply, so that the confidence of cotton enterprises increased sharply. Therefore, raising the price of seed cotton in the acquisition market will become a powerful guarantee for the recent uplink of the matching cotton price."