"Bad Weather" And "Infectious" Clothing Industry In The World'S Cotton Producing Areas

The New York Times said bad weather has greatly affected cotton producing areas such as China, India and Pakistan, and international cotton prices have soared by 80% since June.

The rise in cotton prices has been "contagious" to the price of the garment market.

Many garment manufacturers in Europe and the United States have started patiently looking for cheaper lines or mixed materials to make garments.

At the Sears mall in New Jersey, Levi's, the denim manufacturer, admits that prices have to rise and will go up in the coming year.

Is the rise in clothing prices because of the rise in cotton prices and the rise in cotton prices just because of the "bad weather" in the global cotton producing areas? Mark Stephens, an independent economist of the United States, said that in addition to market supply and demand, the depreciation of the US dollar is also regarded as the "behind the scenes" cause of cotton and clothing selling more and more expensive.

Reuters said on the 3 day that the US dollar recently depreciated by 7%, pushing the price of cotton futures delivered by the Intercontinental Exchange in December to US $1.3598 per pound, a record high since the Civil War era.

Cotton futures prices in Zhengzhou, China, also jumped to a high level of 29520 yuan per ton in November 3rd, continuing to refresh their historical records for 3 consecutive days.