Cotton Prices Go Up And Seriously Hurt China'S Textile Trade Development

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.