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International Cotton Prices Are Approaching &Nbsp For Over 10 Years.

2011/2/16 16:42:00 94

According to information, global commodity prices continue to soar, with animal prices rising.

According to retailers, the vast majority of consumer goods producers and food companies will pass the cost increase on consumers and expect a marked increase in the autumn.

MFR Inc.

Shapiro, chief economist of the United States, believes that

Consumer

Whether or not it will be "unacceptable" has yet to be expected, but in the current economic environment, consumers will have a reaction.

Recently, the prices of raw materials and commodities have been increasing. Cotton prices are approaching new heights in more than 10 years.

Leatherwear

And polyester prices are also soaring.

Metal prices have risen more sharply, and copper prices have recently risen to a 40 year high.

Corn, sugar, beef and pork are all increased, and overseas labor remuneration and utilities are also no exception.

Jones Group, a retailer with brand names such as Nine West and Anne Klein, said its brand will be increased by 15-20% in the autumn.

In fact, commodity prices have started to rise since last summer, but because of the weak economy and competitiveness, many manufacturers and retailers have chosen to take up their own costs and dare not make a slight increase in prices.

However, the cost is rising endlessly, so many large enterprises can not afford it. They say that the company's profits have declined accordingly, indicating that it is imperative to increase the price in order to protect profits.

Whirlpool, an electrical appliance manufacturer, expects to increase its price from April 1st to 8-10%, and garment producer Haness has raised its prices.

If cotton prices rise or not, the cumulative increase will reach 30%.

There is a restaurant in order to retain customers, dare not increase the price, only in an alternative way to save costs, such as lowering the intensity of air-conditioning, electricity tariffs, or reduce the amount of food.

The analysis points out that for consumers,

Merchant

Markup means less extra money to spend, which affects the desire to buy; for merchants, profits will decline, they will reduce investment in equipment, and will not actively recruit more people.