Why did popular textile prices increase? by Admin April 30, 2020
Contents
Why did textile prices increase?Turkish Clothing Manufacturers Association Joint President Ramazan Kaya stated that the supply chain was broken during the epidemic, commodity and raw material prices, freight and logistics costs increased, and continued as follows: “The balance of supply and demand has changed. In this process, we see that textile exports have increased a lot.
How much is the yarn hike?The 10-ply sewing needle went from 60 cents to 1.40 TL, and the 10-ply sewing thread went from 5 lira to 7.5 lira. The shopkeeper summed up the situation as a "disaster". The saying “from the needle to the thread has risen” has come true. Needle and thread prices doubled.
Will clothing prices increase?
Important names in the ready-to-wear industry made statements about the price increases to be experienced in the industry this year. TGSD President, in his statement, announced that clothing prices will increase by 80% compared to the end of 2021 in the summer season. Due to the record depreciation in the Turkish lira, the yarn increased by 50 percent and the needle by 100 percent. Needle and thread also got their share from the hikes caused by the depreciation of the Turkish lira against foreign currencies.
Will there be a hike in the clothing industry?According to the news of Dünya newspaper; Stating that production costs have doubled compared to last year, sector representatives stated that this will lead to a 50-60 percent increase in product prices compared to the end of 2021, and this rate will reach 80 percent in the summer months.
When is the price hike for clothes?Turkish Clothing Manufacturers' Association (TGSD) President Ramazan Kaya pointed out that there will be a 50-60 percent difference in label prices in the transition between winter and spring. Speaking to the world, Kaya said, “We will see price differences of up to 80 percent with the summer. In other words, product prices will have increased by 80 percent compared to the end of 2021.
Is there a hike in gasoline?
Breaking news: Increase in diesel and gasoline The price of diesel is 28 cents per liter, and the price of gasoline is 28 cents per liter. 16 cents raise. The said increase will be reflected in the pump prices as 6 cents in diesel and 16 cents in gasoline as of midnight tonight.
When will the diesel price increase? It is expected to increase by 1 lira 79 cents. WALL- Another price increase in fuel is on the agenda. According to the news in NTV, diesel prices are expected to increase by 1 lira and 79 cents, effective as of April 16, 2022.
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