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Soaring raw material prices: The textile industry in difficulty

16/04/2021
Categories: Economy/Forex Sectors

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Informers in Pakistan affect cotton prices, rising freight prices, and rising oil prices change synthetic fibre tariffs. Faced with this rise in the prices of raw materials, the textile industry is threatened.

The French textile industry warns of the rising cost of its raw materials and supply difficulties. Anne-Laure Milhe, spokesperson for the Union of Textile Industries (ITU) informs that the prices of linen, cotton or polyester have increased by more than 30% in the last 5 months.
According to figures from the US Department of Agriculture (USDA), for example, the price of cotton rose from $1.55 per kilo last September to $2.05 in February, an increase of more than 32% in six months. Figures explained by "a decline in production and the level of inventories while consumption has remained stable" notes the USDA in its April 2021 balance sheet.
The technical textile sector, which accounts for almost half of the sector in France, is particularly affected. Especially since this segment is also facing a 5 to 11% increase in the prices of additives, primers, glues, polyesters and polyurethanes.

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