Cotton Price Rise "Sequela" Appears

Hangzhou City quilt cover, towels price rise, the highest increase of 40%

"Muji" has increased its price.

As the weather gets colder, cotton consumption season is coming.

Reporters learned that although cotton prices began to go downhill this year, but because of many cotton products used in this season are high priced cotton stocks, and labor costs such as labor and other factors, cotton retail prices are still upwarping.

In the Muji shop in the Star Plaza, every customer who queues up will check out a notice on the cashier's desk unconsciously.

It turned out to be a notice of price rise.

Xinjiang cotton

Mr. Chen told reporters that the price rise began in early September, and the price adjustment began in September 15th.

"This price adjustment involves only the bed products of Xinjiang cotton, and the garments haven't moved yet."

Mr. Chen said that after the announcement of price rises, sales of bed products were not affected, and consumers' reactions were relatively stable.

In addition to the increase in store prices, the bed products in supermarkets also quietly raised prices one or two months ago.

The reporter learned from Huarun Wanjia supermarket that the store had received the notice of price increase from two months ago, but the supermarket had not been up and sold at the original price.

However,

Cotton products have to fly for a while.

It is understood that the cotton association of China released cotton production this year. It is estimated that the total output of cotton will reach 7 million 380 thousand tons this year, a decrease of 100 thousand tons compared with the forecast in July, an increase of 10.9% over the previous year.

Why do cotton prices increase? The price of cotton goods in the terminal consumer market is still rising. A textile industry insider told reporters that at present, many cotton spinning enterprises still use cotton stocks last year, but last year, domestic cotton prices had skyrocketed due to domestic and foreign economic environment, cotton supply and demand, and capital speculation.

Gao Fang, executive vice president and Secretary General of the China Cotton Association, told reporters that at the end of March this year, the state issued a temporary cotton purchase and storage policy, which is conducive to stabilizing market expectations, protecting cotton farmers' interests and ensuring market supply.

At the end of August, the rules of temporary storage and purchase were issued, and the stabilization of the storage and storage showed that cotton prices tended to be stable.

Cotton prices also fell for some time ago.

The industry said that even if the price of cotton has stabilized, the cost of labor and logistics is still rising. It will take time to go to inventory and the price of cotton products will be "flying for a while".

MUJI has also indicated that there is no timetable for the time when the commodity price will be pferred back to the original price.