High Prices of Cotton, Textiles and India

In times of low cotton production, the Latin American textile industry protests against restrictions imposed on exports from India.

Wednesday, November 24, 2010

The price of cotton has risen more than 70% so far this year, as a result of lower production, a situation that profoundly affects the textile industry.

India, a major producer of cotton and textile products, imposed in April restrictions on cotton exports, which contributed to increase the price for textile producers from other countries.

Textile business associations in Nicaragua, Honduras, El Salvador, Costa Rica, Guatemala, Colombia, Dominican Republic, Brazil and Peru came together to demand that their governments take action against the restrictions imposed by India, characterizing them as illegal.

In a letter dated November 18th, this group reported that since India put in place these measures, the price of cotton increased 126% and that "differential is clearly designed to allow India to grab market share in textiles and apparel during a time of reduced worldwide supply of cotton ... India is withholding between 1.5 [million] and 3.5 million bales of cotton from the export market in order to benefit its domestic industry".

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El Salvador: Textile Industry Worried by Increase in Price of Raw Materials

January 2011

The increase in the price of key raw materials and inputs for production can hardly be absorbed by companies.

Edwin Zamora, president of the Chamber of Industry and Textile (CAMTEX), added that they have no choice but to pass on the increases to costs.

"The union said that despite the rise in prices, El Salvador will not lose competitiveness against its biggest buyer: USA.

Nicaraguan Textiles Lead in Central America

July 2011

Between January and May sales grew by 25% compared to the same period in 2010.

The rise in sales to the U.S. was higher than to countries like El Salvador, Honduras and Guatemala, which increased by 19%, 17% and 13% respectively in the same period.

With the 25% increase, Nicaraguan exports went up from $381.1 million to $476.7 million.

Global Food Prices - August 2016

September 2016

Except for cereals, in August prices rose for all commodities covered by the FAO food price index, led by dairy, oils and sugar.

From a statement issued by the Food and Agriculture Organization:

 The FAO Food Price Index* (FFPI) averaged 165.6 points in August 2016, up 3 points (1.9 percent) from July and almost 7 percent above the corresponding period last year.

Global Food Prices up to December 2015

January 2016

In December, the price index registered a decline of 1% compared to November, resulting in the largest decrease in the prices of meat, dairy and grain products being offset by increases in sugar and vegetable oils.

From the press release by the Food and Agriculture Organization of the UN:

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