Fabric Cost up 30% in Nicaragua
Over the last three months the cost of fabrics has increased 30% in Nicaragua, due to increases in the international price of cotton.
Thursday, November 18, 2010
Álvaro Baltodano, secretary of the Free Zones Commission (CNZF), explained that Nicaragua's textile mills are already paying higher prices for this raw material, a situation which complicates a sector already in problems due to the slow growth of the U.S. economy, the main importer of the country's textile production.
Between January and May sales grew by 25% compared to the same period in 2010.
The recovery in tailoring and textile exports is due to cost savings generated by specialization in niche markets and from the integration of the production line.
The rate of non social energy from the EEGSA has increased by 22% since February, affecting mainly small and medium enterprises.
Textile and apparel production is threatened by the lack of threads, cotton and canvas.
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