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Thursday, September 9, 2010

The Comeback !

I read an article that stated Cotton prices have nearly doubled this year.

Cotton is hitting a near 15-year high following a chain of events among major Asian cotton producers that has choked off global supply.

First, a drought in China, the world's largest cotton producer and consumer, damaged crops there and forced the nation to ramp up cotton imports to make up for the shortfall.

Meanwhile, the world's second-biggest cotton producer, India, restricted its exports to protect domestic supplies and prices.

At the same time, Pakistan, another major cotton producer, was hit by devastating floods, further exacerbating the cotton shortage and boosting raw cotton prices even higher.

Typically there's a four to six month lag time in the order-to-production cycle.

Therefore, the most recent jump in cotton prices will be factored into merchandise hitting stores after Christmas.

So come January, besides paying more for cotton wear, there may be one more side effect for consumers - the comeback of polyester !!!.

Now, where did I put all my Saturday night disco clothes and bell bottoms . . .


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