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Cotton crisis raises knits price fears
Friday, 24 September 2010

New York, Delhi, Islamabad - As cotton prices continue to spiral, Knitting Trade Journal looks at the latest moves from large scale producers such as India and flood hit Pakistan and examines the impact this may have on knitted fabric and garment makers.

Global cotton prices have spiked by as much as 61% in the past year with traders and mills stepping up their buying amid the fear of falling inventories. Weather-related shortages in China and Pakistan and a curb on Indian exports have also added to the supply constraints creating a ripple of adverse effects through the global textile and clothing supply chain.