Thanks to a partial rapid recovery of the economy from Corona measures demand for raw materials is rising again faster than expected. In addition, organic cotton is in vogue. This is having an impact on prices in the fashionsector for customers.
The good news first: The global economy is recovering faster than expected from the restrictions of the Corona period. The rapid recovery comes unexpectedly and also surprises commodity suppliers. Still in the year 2008/09 it took the economy up to two years to recover from the recover from the financial recover.
Textiles cost more
The rapid improvement brings new challenges. For example the prices of raw materials are generally on the rise. Besides the costs for steel, glass and crude oil the prices of cotton, for example, are also rising. The latter already reached the beginning of the year 2021 peak values. In addition, organic cotton in particular is increasingly in demand, regardless of Corona.
NIKIN also affected
NIKIN is also from rising raw material pricesn affectedas we process a lot of organic cotton.. We have waited a long time for changes at selling price of our articlesbut now we also have to make slight price adjustments make slight price adjustments. The quality of our products remains of course the same. Also the tree planting we retain with, sAfter all, trees are always in high demand here.
