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Chinese textile exporters struggle amid rising costs
Exporters of textile trade in Canton Fair, the largest trade fair in China, for example the struggle to survive amid rising costs of raw materials and labor.
"Wages have increased as much as 30 percent. But several of our partner plants have stopped production because of the worker shortage," said Chen Su, the assistant to the general manager at Sunvim Group, China's biggest home textile company, Thursday.
Furthermore, commodity prices are rising rapidly. Cotton prices have increased by 18 to 160 yuan ($ 2,720) and 27,405 yuan per tonne, 51 per cent increase. The prices of other tissues in addition to this increase.
In addition, labor and raw material shortages often inhibits the production of textile mills, led to delays in delivery, one of the biggest concerns for buyers.
Elliot Gessle, a British buyer at the Canton Fair, thinks Chinese textile products have lost their competitiveness. "Prices of most products are rising. But delivery delays have been the greatest headache," he said.
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China International Textile Fair
Participants of the event will exchange views on how to further boost the Sino-US business ties and promote textile trade between the two countries
Amid escalating tensions over Chinese textile exports, from the May 23 to 25 the international textile fair will be held in Hangzhou, a city in East China's Zhejiang Province, reports Fiber2Fashion.com from Ministry of Commerce-China.
Attendees at the fair will include 72 US and European textile buyers, 15 representatives from the US textile and clothing industry association and officials from US customs. About 500 business executives and representatives from 90 Chinese textile and clothing enterprises will also be present.
The fair is sponsored by the Hangzhou Sub-Council of the China Council for the Promotion of International Trade (CCPIT) and US trade show organizer C-ME company.
According to Chen Xin, director of the exhibition department of CCPIT Hangzhou sub-council, "The fair is likely to help pave a smoother way for Chinese textile exports." Participants will exchange views on how to further boost the Sino-US business ties and promote textile trade between the two countries, he added.
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Cotton prices do not follow trend
Cotton quotations in New York had moved continuously upwards in the week under report. However, this situation did not reflect the development of the physical cotton market. But that had indeed little to do with the development of the actual market.
The prices for effective cotton could not follow the trend to the same extent. Demand by the spinning mills was directed on short term supply and new closed contracts comprised just limited quantities. Delivery was mainly fixed for the 2nd quarter and for the 3rd quarter after the works holidays.
In the Upland range turnovers were registered in Central Asian sorts for dates in the 2nd quarter and in the 3rd quarter 2009; West African styles and Greek descriptions for the 2nd quarter 2009.
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The Apparel Clothing & Garments
The Apparel Clothing & Garments Companies Directory lists the Manufacturers and wholesale supplier companies dealing in various sectors of clothing such as mens clothing, womens clothing, kids clothing, infant wear, sports wear etc. With the Industry going global, the Manufacturers and Suppliers do not have to limit themselves within any boundary. The Companies from varied countries join hands in order to meet the ever expanding demands of the consumers worldwide. In such a situation, a vast resource of Apparel and Garment Industry becomes indispensable. This Directory also includes the categories as diverse as clothing by fabrics, fashion clothing, industrial clothing, and animal clothing.
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