Textiles & Fashion Lastest news
The price of garment materials has decreased
Source: http://www.sgtt.com.vnLast modified: Mar 20, 2009 16:43
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According to Industry and Trade Information Center, within the week until March 15, the price of imported cotton continued decreasing, fluctuated at 500-1.310 USD/ton. In particular, the price of cotton imported from US reached 1.283 USD/ton, decreased by 4.7% compared with the previous week and 20% compared with last year. While, the price of cotton imported from UK reached 1.310 USD/ton, decreased by 17.41% compared with the same time of 2008. The price of cotton yard imported from Malaysia decreased by 34.2% compared with the same time of 2008, reached 1.18 USD/ton. From the fact, it is a good chance for Vietnam enterprises to reduce input expense, produce cheaper domestic consumption products and export products. Moreover, the decline also created a great pressure on enterprises that imported materials with high price previously; and enterprises having demand in importing new materials for production must calculate because they worry the price can decrease again.

