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Summer Wardrobe Makeover Will Pinch Even As Cotton Prices Ease
T-shirts to jeans makers are revisiting pricing for their upcoming summer collection as cotton prices, which surged to historic highs last spring, have eased. But the cost of input for the apparel industry has fallen 40% since its peak to about Rs 60,000-65,000 per candy, according to South India Spinners Association. Now, retailers are looking to pass on the benefit. "...There may be marginal relief available in summer 2023, but as is the practice, it will be passed on to the customers in entirety as we would want to remain very competitive in the value retail pricing segment," he said, adding that yarn prices have come down from their peak by 30% since September but they are still 30 to 40% higher than the pre-Covid level. We can be more conservative on that [pricing intervention] only if the trend continues. We are just watching how the input costs are going to move." Source - https://www.bqprime.com/business/summer-wardrobe-makeover-will-pinch-even-as-cotton-prices-ease
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