South Korea's textile raw material import prices keep rising for 3 consecutive months

According to the Yonhap News Agency reported on October 14, South Korea Import & Export Association issued a report on the 14th that the import price index of raw materials for September and September reached 320.69, a month-on-month increase of 6.35, and it kept rising for three consecutive months.

South Korea's import raw material price index mainly reflects the price trend of 30 kinds of imported raw materials. Among the 30 kinds of raw materials, 22 price indexes showed an upward trend, 2 kinds decreased, and another 6 kinds remained flat. From the perspective of classification, textile raw materials increased the most, reaching 7.04%; followed by non-ferrous metals (4.56%) and agricultural products (4.49%). From the perspective of specific commodities, raw cotton rose the most, reaching 15.69%, which was mainly due to flood disasters in Pakistan and production cuts caused by extreme weather in China.