Crazy Cotton Collapse the Textile Industry＇？

Crazily has the price for the cotton rocketed!
The -transaction price, for only month, has seen a 40% rise,

Crazy Cotton Collapse the Textile Industry＇？

Crazily has the price for the cotton rocketed! The transaction price, for only month, has seen a 40% rise, from RMB 18,000 per ton at the beginning of September to RMB 25,000 per ton now. At present, the new cotton has just come into the market. "Taking 'Cotton of Grade 329' for example, the knock-down price has already mounted to nearly RNIB 25,000 per ton. Price going up in this way, our company would con-front losses and had to suspend production, waiting for the fallingback of the price." Head of one textile company in Chongqing told the reporter.