South Africa's Clothing Prices Are Ready To Improve Recently.
Strategic high cotton prices will soon mean South Africa Consumers have to pay extra for clothing purchases.
The reason is that the price of raw cotton has doubled in the past year, which is due to the fact that the price of raw cotton has doubled in the past year. Pakistan Floods and northeastern China cotton Disruption has created tight supply.
Due to the rise in global cotton prices, the impact will be reflected in the price of clothing, linen and towels in the local wholesale and retail sectors. Blaine brink, executive director of the textile alliance, said at the weekend.
World Bank officials say floods in Pakistan could destroy $1 billion worth of cotton crops.
Pakistan is the fourth largest cotton producer in the world.
Cotton prices reached the highest level in 15 years last month, and the sharp rise in cotton prices was also caused by the monsoon in India and the export restriction measures imposed by the state. This is due to the efforts of the India government to balance the interests of domestic industries and the severe shortage of domestic fabrics in India.
India is the second largest cotton producer in the world, and its textile industry employs 35 million people.
India banned cotton exports, forcing buyers to find alternative suppliers, such as Brazil and Turkey.
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