Apparel Likely to be Costlier by 10 Percent to 15 Percent

Apparel manufacturers and exporters are considering increasing prices of their products by 10 percent to 15 percent in the coming weeks to get partial relief from rising raw material prices. They are, however, worried if this will dampen demand.

Prices of cotton and cotton yarn have increased significantly over the past two months. While cotton prices have gone up by 14 percent, cotton yarn rose a staggering 22 percent in the past two months alone.