Skip to comments.ITMF expresses concern over soaring cotton prices
Posted on 11/08/2010 3:14:45 PM PST by Jet Jaguar
At its Annual Meeting in Sao Paulo/Brazil the International Textile Manufacturing Federation (ITMF) expressed its concern about the soaring cotton prices and their negative implications for the international cotton textile value chain from fiber to retail. The ITMF stated that the textile industry all over the world is not in the position to absorb any longer cotton price increases of unprecedented dimensions recorded during the past months without risking its own existence.
The ITMF calls upon the retail industry to change its business model to this new business environment of higher raw material prices. During the past 20 years the global textile industry was exposed to a deflationary environment with nominal prices for apparel and home textiles having fallen during this period on average by approximate 50%. This trend is not sustainable and has to be reversed.
Before this background the ITMF invites the retailers, department stores, and distributors around the world to discuss with their suppliers the fundamental changes taking place in the global textile value chain in order to better understand the risks and threats involved for all stakeholders and to develop strategies that allow for a healthy and viable textile value chain.
The International Textile Manufacturers Federation (ITMF) is an international Association for the worlds textile industries, dedicated to keeping its world-wide membership constantly informed through surveys, studies and publications and through the organization of annual conferences, participating in the evolution of the industrys value chain and publishing considered opinions on future trends and international developments. Through ITMF the textile industries cooperate at the international level with organizations representing other sectors allied to their industry.
International Textile Manufacturing Federation (ITMF)
A lot of other things are going to sky rocket in price! Character produces confidence, and confidence will lead to commerce. We don’t have CHARACTER in Washington.
Commodity prices will be more and more skewed as long as Washington’s idea for growing the economy is debasing the currency, massive deficits and inflationary interest rates. Oh, and the best of them all, let’s raise taxes.
Yep and it’s just starting. Stock up folks. Watch your electric bills, gas bills, etc, etc.
One way to cut your electric bill is to unplug your television sets if not being used, like at night. Even though you turn them off with the remote, they are still on. Un-plug all electronic gadgets you have in the home. Coffee pots, stereo’s, dish systems, etc, etc. We had a $200.00+ electric bill. After doing the above, our last bill was $98.00 for the month.
The currency that cotton is denominated in seems to be to blame, from a cursory glance anyway.
If the price of cotton is going up - there is no need for the Federal Government to subsidize its production, transportation or export.
It's easier to put them on power strips that have a switch and even better a surge suppressor.
That’s exactly what I did.