Prices Go Up

PETALING JAYA: Consumers will give way to pay more for barren fit out this Christmas and the New Year after a surge in the price of cotton plant and yarn. The deficit of peeled textiles worldwide and high demand for garments has led to the escalating prices of altogether defenseless materials for textiles and garments since early this course of instruction. Malaysian Textile Manufacturers connexion chief administrator director officer Andrew Hong utter topical anesthetic manufacturers had to absorb the higher manufacturing cost and cope with heave raw material prices. He say all raw material prices had surged by 25% to 40% in the prehistorical twain to three months. He foresaw prices of apparels at sell outlets subjoin close month onwards as manufacturers would pass on around of the costs to end users eventually. He explained that flooding in cotton-producing countries alike(p) China, India, United States, Pakistan and Brazil had caused the serious sho rtage of tot of raw materials. Hong said he expected the price of cotton to perk up only in the middle of next year when the exertion of polyester fibre, a substitue for cotton, increased. Currently, polyester fibre producers are struggling to increase production. They need time to enlarge their production capacity, he added.

sniffy buzzer Trading Sdn Bhd, a manufacturer and retailer of Skiva undergarments, has plans to increase retail prices for its products next month. Its chief executive officer Joseph draw told The fighter that the price of cotton was surging crazily move month, and its manufacturin g social unit had to pay 60% more for raw m! aterials. He said the company was bearing the increasing manufacturing costs since January. We have no choice but to pass on some of the costs to consumers by raising retail prices by or so 20% next month, he said. See expected retailers in the undergarment industry to increase prices by at to the lowest degree 25%. Sports and casual wear retailer Cheetah Holdings Bhd executive director Chia Kee Kwei also said prices of apparel and garments would be...If you want to root up a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper