Geoff Krasnov offers apparel/clothing/garment manufacturing and sourcing news.

Wednesday, February 02, 2011

Chinese Hoarding - The Latest Price Stimulus

Reports from China tell of warehouses full of cotton, and many independant farmers filling their shacks and outbuildings with fiber in anticipation of even higher prices. With nearly 25 million Chinese cotton farmers, it is estimated that as much as 9% of the worlds supply is being held back.

In other news, Hanesbrand has announced an impending increase to offset lower revenues of single digit to up to 30% on certain products.


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