According to the forecasts of manufacturers by the end of the year due to rise in price of cotton in the world of lingerie will rise in price by 50% and jeans - not less than 70%. Pound of cotton for three days went up by 10% since the beginning of the year prices for these raw materials exceeded 40% on Friday, cotton prices have reached historic highs. On the ICE Futures Exchange in New York the pound cost exceeded $ 2 futures contracts for May delivery traded at 2.04 dollars per pound (4,498 per tonne). For three days the price rose by 18 cents. Jump triggered message USDA on the growth of sales of raw materials for the week: it increased by 63% compared with the data for the previous week, writes Gazeta.ru. Since the beginning of this year, cotton has risen in price by 44%, calculated in Reuters. And since last August - early selling season - the world indicator price for cotton Cotlook A Index has jumped to 2.6 times from 1903 dollars to 4993 dollars per ton, said the director of the Russian news agency Antiteks Vladimir Sidorkin. The reason for rising prices - reducing the stock of cotton: the summer of last year, they decreased by 84%, reports Bloomberg. This occurred due to flooding in Australia, which ranks fourth worldwide in terms of cotton exports, and Pakistan. Rising prices also triggered by increasing demand for clothing made from natural fabrics. Manufacturers of outdoor clothing and linen to create a factory in China that turned the country into the world's largest consumer of cotton. Last year, China increased its production of items made of cotton by 14%. Given the cost of expenses, rising prices for raw materials and fabrics jeans a year to rise by 70%.
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