Cotton Prices Rose &Nbsp; &Nbsp; India Clothing Prices Will Peak.

India's food inflation has reached its peak. Now the holiday season is coming.

The main reason is that prices of cotton and polyester rose last month.

Cotton and polyester account for 80% of the textile industry consumption. Now, clothing brands have become imperative to improve clothing costs.

The price of cotton exploded, even though the government had imposed an export tax on cotton.

domestic

Gujarat's Carle 6 cotton variety (Shankar – 6) is also one of the most demanding varieties in overseas markets. The price of this variety has increased from 22800 rupees / candy (356 kg) to 38000 rupees / candy. in the first week of October last year.

Clothing brands believe that it is impossible for them to digest part of the increase in production costs, because fabric producers also have to raise prices as cotton and polyester prices rise, while yarn prices also rise.

According to experts, due to the active demand, the number of domestic consumers has increased. Considering the coming of the festival and wedding season, the domestic market price may rise.

However, the price of clothing exporters is unlikely to rise because the demand for major overseas markets has not yet recovered, so it is difficult for exporters to pass the cost increase to the buyers in such a situation.