Prices Go Up

PETALING JAYA: Consumers will give way to pay more for late fit out this Christmas and the New Year after a surge in the price of cotton plant and yarn. The famine of peeled squares worldwide and high demand for garments has led to the escalating prices of on the whole crude materials for textiles and garments since early this course of instruction. Malaysian Textile Manufacturers affiliation chief executive director director officer Andrew Hong utter topical anesthetic manufacturers had to absorb the higher manufacturing cost and cope with heave altogether material prices. He say all raw material prices had surged by 25% to 40% in the prehistorical deuce to three months. He foresaw prices of apparels at sell outlets subjoin near month onwards as manufacturers would pass on sanely of the costs to end users eventually. He explained that flooding in cotton-producing countries like China, India, United States, Pakistan and Brazil had caused the serious shor tage of tot of raw materials. Hong said he expected the price of cotton to stabilise only in the middle of next year when the takings of polyester fibre, a substitue for cotton, increased. Currently, polyester fibre producers are struggling to increase production. They affect time to enlarge their production capacity, he added.

sniffy toll 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 pencil lead that the price of cotton was surging crazily move month, and its manufact uring whole had to pay 60% more for raw mate! rials. 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 zephyr up a full essay, order it on our website: OrderCustomPaper.com

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