Cotton Prices Go Up And Seriously Hurt China'S Textile Trade Development
This year, the domestic
cotton
Prices continue to rise, especially in the case of
Cotton products
The market has been hit hard, from cotton socks, cotton pajamas to cotton clothes that just appeared on the market, prices are red all the way.
It is understood that the price of some domestic cotton clothing has increased from 10% to 20%.
Now it seems that for domestic cotton prices, although many rise, but the public reaction is not as strong as food prices rise.
The sharp rise in cotton prices on China's economy is not only reflected in the consumption of the domestic nerve, but also on the nerve of export trade.
China is the largest exporter of textiles and clothing in the world today.
Under the background of economic globalization, with the expansion of the scale of textile and clothing exports, China's demand for cotton will be more and more.
At present, the rise of cotton prices has threatened the development of China's textile export trade, making the relevant enterprises overburdened.
In cotton textile enterprises, cotton accounts for 60% to 70% of the cost. However, due to the continuous rise of cotton prices, the cost of production and operation of domestic textile and garment enterprises has expanded in the near future.
From the recent Canton Fair, we know that the rise in cotton prices has had an adverse effect on the export of textiles and garments.
Today's cotton is one price per day.
Purchaser
A lot of them came, but they were all hesitant.
The prices of enterprise newspapers are also real time prices.
In the long run, what are the consequences? Unfortunately, the Chinese people, especially migrant workers in the coastal areas.
It should be noted that the textile and garment industry is one of the areas where China has the most employed labor force at this stage.
If the scale of textile and clothing exports has shrunk due to soaring cotton prices, many domestic migrant workers' jobs will become a problem.
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