Home >

International Cotton Price Is Approaching 10 Year High &Nbsp; Consumer Goods Have Been Raising Prices And Digesting Cost Pressure.

2011/2/25 9:17:00 52

Global commodity price persistence

Soar

Animal prices continue to rise.

According to retailers, the vast majority of consumer goods producers and food companies will pass the cost increase on consumers and expect a marked increase in the autumn.

MFRInc US chief

Economics

According to Shapiro, whether consumers will be "resigned" is not yet predictable, but in the current economic environment, consumers will have a reaction.

Various

Raw material

The recent rise in the prices of commodities has been phenomenal. Cotton prices have reached a new high in more than 10 years, and the prices of leather and polyester have also risen sharply.

Metal prices have risen more sharply, and copper prices have recently risen to a 40 year high.

Corn, sugar, beef and pork are all increased, and overseas labor remuneration and utilities are also no exception.

In fact, commodity prices have started to rise since last summer, but because of the weak economy and competitiveness, many manufacturers and retailers have chosen to take up their own costs and dare not make a slight increase in prices.

However, the cost is rising endlessly, so many large enterprises can not afford it. They say that the company's profits have declined accordingly, indicating that it is imperative to increase the price in order to protect profits.

Whirlpool, an electrical appliance manufacturer, expects to increase its price from April 1st to 8-10%, and garment producer Haness has raised its prices.

If cotton prices rise or not, the cumulative increase will reach 30%.

There is a restaurant in order to retain customers, dare not increase the price, only in an alternative way to save costs, such as lowering the intensity of air-conditioning, electricity tariffs, or reduce the weight of food.

The analysis points out that for consumers, the increase in business means less extra money, which will affect the desire to buy. For businesses, profits will decrease, they will reduce investment in equipment, and will not actively recruit more people.