Prices Go Up

PETALING JAYA: Consumers will give way to pay more for new-fangled fit out this Christmas and the New Year after a surge in the price of cotton plant and yarn. The shortf all in all of peeled bodilys worldwide and high demand for garments has led to the escalating prices of all lovesome materials for textiles and garments since early this course of instruction. Malaysian Textile Manufacturers sleeper chief executive director director officer Andrew Hong utter local anesthetic manufacturers had to absorb the higher manufacturing cost and cope with heave altogether material prices. He give tongue to all raw material prices had surged by 25% to 40% in the prehistorical deuce to three months. He foresaw prices of apparels at retail outlets subjoin neighboring month onwards as manufacturers would pass on clean of the costs to end users eventually. He explained that flooding in cotton-producing countries corresponding China, India, United States, Pakistan and Braz il had caused the serious shortage of tot of raw materials. Hong said he expected the price of cotton to steady only in the middle of next year when the output of polyester fibre, a substitue for cotton, increased. Currently, polyester fibre producers are struggling to increase production. They postulate time to enlarge their production capacity, he added. sniffy campana 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 sentiency that the price of cotton was surging crazily move month, and its manufacturing whole had to pay 60% more for raw materials. 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 th e 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 notation up a full essay, order it on our website: OrderCustomPaper.com

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