Asia's cotton supply shortage led to surge in cotton prices.

<P> 9 月 25 news, the Asian export declines in cotton prices of cotton rose to the highest point in 15 years. .Textile and clothing exporters in Asia, said consumers might be affected; T-shirts and jeans, the price may be more expensive. .</ P> <P> China, drought, floods in Pakistan, coupled with India's export controls are the leading cause of global cotton shortage. .</ P> <P> world's second largest cotton exporter in India earlier this year due to the implementation of the domestic supply of export restrictions. .Exports are expected to resume next month, but at most, only 5.5 million bags, this year's estimated output of 29.5 million accounts for only about 18% of package. .</ P> <P> but the practitioners of Indian textile industry up to 3500 people still want to extend the export ban, and to increase export taxes, because the domestic cotton is in short supply. .</ P> <P> Mumbai, a cotton exporter (KotakGinningandPressing) in charge of 维奈科塔克 (VinayKotak) said: </ P> <P> "prices soaring. Therefore, the Government seems to postpone the export, so .impact on business. From the beginning of this year, India is facing a serious shortage of manufactured goods. "</ P> <P> cotton prices this week reached the highest point in 15 years, more than a dollar price of 453 grams. .From July onwards, cotton prices have jumped at least 40%. .</ P> <P> China is also a major cotton-producing countries. .As crops hit by drought, China's cotton imports in the first 8 months of this year doubled. .This makes the Asian garment manufacturers cost will be higher. .</ P> <P> Vietnam Textile and Apparel Association Deputy Secretary-General Nguyen Hill said: "The costs have increased. Vietnam's garment and textile producers also face another major problem therefore is to meet the price of U.S. retailers and importers .asked. "</ P> <P> Kotak said he believes growth in the Asian economies than the West in the clothing prices have more resilience. .</ P> <P> he said: "The prices of the end product is ultimately determined by the purchasing power of consumers. If China, India or the Asian economy is doing well, there would be no problem. While in Europe and the United States, I .manufacturers on whether there will be transferred to the final purchase price of those who doubt. "</ P> <P> major cotton exporting countries of the world the United States, Brazil and Australia's cotton exports unexpectedly increased the supply of the next few months .could be improved. .U.S. cotton exports are expected this year, up 29% over last year. .However, freight rates in these countries but it will increase the cost of the Asian clothiers. .</ P> <P> U.S. Department of Agriculture said that world cotton consumption will be the sixth consecutive year more than inventory. .Expected the world's largest consumer of cotton imports in China this year will grow 16%. .</ P>.