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Press release - Details
29.03.2011

EU MUST TAKE ACTIONS TO SECURE ACCESS TO RAW MATERIALS FOR ITS TEXTILE AND CLOTHING INDUSTRY

EU MUST TAKE ACTIONS TO SECURE ACCESS TO RAW MATERIALS FOR ITS TEXTILE AND CLOTHING INDUSTRY

The European textile and apparel industry is deeply concerned with the current situation in the Raw Materials markets. When presenting the recent Position Paper on Raw Materials, Mr. Alberto Paccanelli, President of Euratex, recalled: “The steep growth of emerging economies like China, India or Brazil is creating increasing pressure in the markets leading to a lack of availability and price increases for the major textile raw materials. This problem is aggravated by the unilateral and restrictive measures taken by certain countries, like India, to limit exports of critical Raw Materials or Semi-Finished Products- this is the case of Cotton Fibre and Cotton Yarns. As a consequence the Price of Cotton which was 84,15 cent $ per pound in July 2010 reached 243,65 cents $ in March 2011”.                                                                                                               

More to read in the attached document