- CNTV English - CCTV News

Cotton cloth producers fall on hard times

10-12-2010 14:37 BJT

Watch Video

Play Video

As the price of cotton increases, producers of cotton cloth have fallen on hard times.

In Hangzhou's largest fabric wholesale market, the price of cotton material has increased at a rapid pace. During the first three days of October, the price increased by 5 percent each day. But wholesalers are not cashing in. Rather, business is tougher than before.

Store owner of Hangzhou Sijiqing Clothing Material Market said "It's hard to make money because buyers cannot afford it. With less buyers, we have to reduce our profit margins. Sometimes our margin is only 20 or 30 cents."

Store owner of Hangzhou Sijiqing Clothing Material Market said "This year we have made no money, we're just breaking even."

And it's not just at the wholesale level. Consumers too will have to pay more for cotton clothing as the price of its raw material increases. At Hangzhou's clothing market, the price of cotton clothing has risen by 10 to 20 percent in the second half of the year. A typical cotton shirt now sells for 78 yuan while the same item was sold for just 50 yuan last year.

One store owner said "This year the price of cotton clothing has increased a lot. The wholesale price for a cotton shirt is up by 5 or 6 yuan. Jackets less than two layers is up about 10 yuan. The price of cotton coat has gone up by around 18 yuan. The price is too high for us. And we are concerned that our customers can't accept the price either."

One store owner said "Clothing like this was 30 yuan last year, and now it sells for at least 35 yuan".

According to industry insiders, many factories are running out of cotton as a raw material. They say prices may rise even further by the end of the year.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program