Raw material price Rise to Shandong Export trade The impact is becoming increasingly prominent. On the 4 day, the third session of the 108th Canton Fair ended. The main products were textiles, clothing and agricultural products. The Economic Herald reporter learned from Shandong's business system and related enterprises that although our province's enterprises did everything possible to reduce costs, the increase in the price of raw materials due to the sharp rise in raw material prices led to a lot of transactions between the two sides of the transaction.

According to statistics of Shandong Provincial Department of Commerce, Canton Fair The three phase of our textile and garment export business was US $180 million. Affected by factors such as cotton production and textile capacity expansion, production costs have been greatly increased and foreign quotas have been raised accordingly. The intermediate products such as cotton yarn, grey cloth and other intermediate products are more likely to increase at about 60% because of their strong bargaining power. The cost increase caused by the rise in cotton prices is mainly caused by the digestion of the final products production enterprises, such as home textiles and clothing, leading to a decline in the price competitiveness of such products. In the current Canton Fair, the turnover of household textiles and clothing exports in our province decreased by 33.5% and 21.5% compared with the previous one, and the textile fabrics dropped by 17.1%.

According to a survey conducted by the Ji'nan Municipal Bureau of Commerce on 14 textile and garment enterprises attending the Convention, although many foreign businessmen participated in the Canton Fair, many orders were also issued, but most textile and garment enterprises were afraid to take orders because of the rising prices of raw materials.

According to statistics, the export of agricultural products in Guangdong Province was 48 million 147 thousand US dollars in the current Canton Fair, which was also lower than that of the previous session. The main reason is also the high volatility of raw material prices. It is understood that during the Canton Fair, the prices of ginger, vegetables, rice, starch and so on rose sharply, while the prices of apples and pears rose by about 20%. Qu Xuelei, manager of the foreign trade department of Shandong golden capital Tallinn Food Co., Ltd., without worry, said that many domestic agricultural products sold at home were higher than the export quotations, which made many overseas buyers shrink away from Chinese agricultural products. He expects the price increase of agricultural products to continue, and it is hard to call back until next August.