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.

To address the situation, businessmen are considering a plan to grow cotton in the Pacific coast of Nicaragua, which would supply the textile industry directly.

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