Record cotton prices stitch up Indian retailers

MUMBAI // The record high price of cotton is squeezing India's many textile producers and apparel retailers and driving up the prices of other fibres, industry insiders say. Mandhana Industries, a textile and apparel producer whose clients include Mango and Tommy Hilfiger, said profits had been eroded due to higher cotton prices. The company has increased its prices by as much as 30 per cent in

http://bit.ly/g0gCau