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Cotton Shortage Could Drive Up Clothing Prices
CBS ^ | 1/5/11

Posted on 01/06/2011 8:26:46 PM PST by FromLori

Anyone who has been out holiday shopping knows there are some great deals on clothing.

“I’m amazed at the sales right now,” one enthusiastic shopper said.

However, experts say once the holidays are over, so are the deals.

The problem is the price of cotton. Bad weather last year in India, Pakistan and China destroyed thousands of acres of cotton fields which slashed the global cotton supply. “Cotton is up 70 percent in the last year, which is phenomenal,” explained Babson College Professor Peter Cohan.

Cotton is a staple in the fashion industry. Think about it, jeans, T-shirts and many sweaters are made of cotton. According to Cohan, many manufacturers will have no choice but to pass that extra cost on to consumers.

“I think they’re all going to raise their prices in the spring, because that’s when China expects to raise their prices at least an additional 30 percent,” Cohan said. Some stores will be reluctant to significantly raise prices because they won’t want to lose customers. But, chances are you’ll notice a difference in a lot of the clothes you buy.

(Excerpt) Read more at pittsburgh.cbslocal.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: cost; cotton; shortage

1 posted on 01/06/2011 8:26:48 PM PST by FromLori
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To: FromLori

Well, there’s always polyester.


2 posted on 01/06/2011 8:28:42 PM PST by Cementjungle
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To: FromLori

Except for underwear, socks and shoes, I buy all my clothes at the Salvation Army.


3 posted on 01/06/2011 8:28:44 PM PST by Fido969 ("The hardest thing in the world to understand is income tax." - Albert Einstein)
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To: FromLori

Just remember that there aint no stinking inflation in this country.


4 posted on 01/06/2011 8:28:46 PM PST by JohnKinAK
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To: FromLori
how much of clothing purchased in America is manufactured in America.
5 posted on 01/06/2011 8:29:25 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: FromLori
how much of clothing purchased in America is manufactured in America.
6 posted on 01/06/2011 8:30:21 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: FromLori
So now the third worlders have to go to the store naked to find out there's no corn?
7 posted on 01/06/2011 8:31:41 PM PST by Navy Patriot (Sarah and the Conservatives will rock your world.)
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To: elpadre

How much of anything is manufactured in America now? Very little the globalists took our country apart piece by piece and now there’s little left.


8 posted on 01/06/2011 8:32:37 PM PST by FromLori (FromLori">)
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To: Navy Patriot

In case you didn’t notice all we really have left is service sector jobs and not enough of those we are becoming the third worlders rapidly.

New US jobless claims rise

http://www.google.com/hostednews/afp/article/ALeqM5hy4Xav-jDxaEuhn1LgVvJgm2M5og?docId=CNG.24aed2d4393365e0c8062dcc2cd184cf.7d1


9 posted on 01/06/2011 8:34:53 PM PST by FromLori (FromLori">)
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To: Fido969
You just gave your age away.

When you reach a certain age, underware isn't quite so important.

/johnny

10 posted on 01/06/2011 8:35:27 PM PST by JRandomFreeper (Gone Galt)
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To: Fido969

I buy tons of stuff at sally 10 years ago i got sober after living in my truck lost everything Sally is a God send


11 posted on 01/06/2011 8:35:58 PM PST by al baby (Hi Mom!!! <sarc>)
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To: Cementjungle
Well, there’s always polyester.
Polyester is derived from petroleum, which is also going up in price.
12 posted on 01/06/2011 8:41:51 PM PST by jmcenanly ( "We pay a person the compliment of acknowledging his superiority whenever we lie to him." -Samuel)
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To: FromLori

could would should


13 posted on 01/06/2011 8:41:51 PM PST by Flavius (A)
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To: Cementjungle

With the price of feed corn going up thanks to ethanol production, we may all get to try hamburger helper with the helper by itself.

14 posted on 01/06/2011 8:46:41 PM PST by USNBandit (sarcasm engaged at all times)
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To: FromLori

cotton futures ... $1.41 a pound

how much does a shirt weigh ?


15 posted on 01/06/2011 8:50:00 PM PST by Talf
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To: Cementjungle

Just the thought of wearing 100% polyester makes my skin itch.

Guess all our jeans now line-dry and the dryer gets used less than ever.


16 posted on 01/06/2011 8:50:05 PM PST by Kieri (The Conservatrarian)
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To: Cementjungle

Yes, but they are petroleum based and petroleum is high too.


17 posted on 01/06/2011 8:53:16 PM PST by tiki
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To: elpadre

Very little, they buy our cotton and then ship back the garments.


18 posted on 01/06/2011 8:54:48 PM PST by tiki
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To: Talf

Item
Est. Cotton Required

1 Pair of Jeans
1.5 lbs. (24 oz.)

1 Man’s Shirt
.6 lbs. (10 oz.)

1 T-Shirt
.5 lbs. (8 oz.)

1 Skirt
.9 lbs (14 oz.)

1 Bath Towel
.6 lbs (10 oz.)

1 Dress
1.3 lbs (21 oz.)

1 Diaper
.15 lbs (2.5 oz)

1 Blouse
.5 lbs. (8 oz.)


19 posted on 01/06/2011 8:58:18 PM PST by tiki
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To: shibumi; 50mm

Black leather schadenfreude ping.

:)


20 posted on 01/06/2011 9:00:37 PM PST by Salamander (A man will walk right into Hell with his eyes wide open but even the Devil can't fool a dog.)
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To: Fido969

You may want to reconsider the underwear and shoes part.

I’ve had pretty good luck finding some good brand-name dress and casual shoes at some of the bigger thrift stores. You have to do some looking and trying on but you can often find some good shoes that are not too worn-out that only need a little polishing. If the shoe fits...

I find if you want really good T-shirts (cheap or otherwise) get ‘em used. The ones you find on the thrift rack have survived a process of elimination and tend to be of the well-made variety. Just pick out the ones that fit that have a minimum of obnoxious logos and they’ll last you a good long time.

I’ve been looking for those legendary, oft-referenced boxer shorts bearing the name of “W.J. Clinton” for years but have had no luck as of yet.


21 posted on 01/06/2011 9:09:47 PM PST by sinanju
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To: FromLori

“The last Census of Agriculture noted there are 1,393 cotton farms, with average acreage of 500 acres each.

That’s five to eight percent of total U.S. cotton plantings, but about 10 to 14 percent of total U.S. yearly production, due to California’s phenomenally high yields.

California is frequently the second highest producing state in the U.S., behind Texas. But California typically outshines the rest of the country—indeed, the world—with its impressive yields. Yield of 1,200 to 1,300 pounds per acre is not uncommon, compared to the average U.S. yield of 615 pounds.

Where does it happen?
California’s cotton is produced primarily in seven counties that make up the San Joaquin Valley, and three—Fresno, Kings, and Kern—account for most of that.”

http://www.calcot.com/ourcotton.asp?post=cavar&flag=ourcotton

IMO, the rising price of cotton can be blamed on the politicians who shut off the water to California’s Central Valley.

We are going to feel the effects all over the country in the form of rising prices for food and clothing.

Thank goodness we can still grow our own food.

For now.


22 posted on 01/06/2011 9:13:27 PM PST by Califreak (November 2008 proved that Idiocracy isn't just a movie anymore)
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To: Salamander

If there were a snake skin shortage it would be important.


23 posted on 01/06/2011 9:18:30 PM PST by 50mm (I don't use drugs, my dreams are frightening enough.)
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To: FromLori

We have a new cotton storage warehouse in town that I was told is full to capacity. (72,000 bales)

Most of the local growers contracted the cotton at $.80 per pound, price was at $1.50 per pound for a while and near $1.30 now.


24 posted on 01/06/2011 9:20:25 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: FromLori

so the cotton in a men’s shirt
costs 84 cents
..........

if you can’t afford that,

perhaps people should wear grass or leaves


25 posted on 01/06/2011 9:35:53 PM PST by Talf
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To: FromLori

Please don’t tell me we are making cotton into fuel now also.


26 posted on 01/06/2011 9:37:45 PM PST by Republic of Texas (Socialism Always Fails)
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To: Cementjungle
How about Old Navy fleece?

What a comfy world that would be...

27 posted on 01/06/2011 9:43:28 PM PST by DTogo (High time to bring back the Sons of Liberty !!)
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To: Republic of Texas

that would be better than exporting it


28 posted on 01/06/2011 9:47:42 PM PST by Talf
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To: 50mm

Luckily, there’s not.

;]


29 posted on 01/06/2011 9:49:12 PM PST by Salamander (A man will walk right into Hell with his eyes wide open but even the Devil can't fool a dog.)
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To: FromLori

Well Lori, We take cotton t-shirts and hoodies and tie dye them. We have been in the business for many, many years—yeah I listen to the Grateful Dead too. Anyway, we have been seeing the effects of pricing on wholesale cotton products. I don’t know what we will do later this spring. As it is, prices have been rising 10-20 percent since last spring and are expected to increase even more. We really can’t raise prices, so its called margin compression. If things don’t improve, I will be left to be a greeter at Wal Mart—but frankly I don’t have the temperament to work for someone else.


30 posted on 01/06/2011 10:32:55 PM PST by abigkahuna (screw em all)
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To: Fido969
Except for underwear, socks and shoes..

I've bought all three of those at thrift stores :) I buy new clothes too, but for baby/kid clothes and school uniform type stuff, thrift is great.

31 posted on 01/07/2011 2:10:31 AM PST by beaversmom
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To: FromLori

More failure from the Commie Free Trader crowd. The US never faced a cotton shortage before the Commie Free Traders started the Free Trade nonsense....the US was the top producer of cotton in the world....and made most of our clothing and textiles


32 posted on 01/07/2011 5:37:40 AM PST by UCFRoadWarrior (Whenever something is "Global"...it means its bad for America)
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To: FromLori
How much of anything is manufactured in America now?

Value added by manufacturing in 2009 was $1.584 trillion.

Source

33 posted on 01/08/2011 8:12:46 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Value added by manufacturing in 2009 was $1.584 trillion.

So manufacturing is 10% of the total GDP.

34 posted on 01/08/2011 8:17:01 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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To: central_va

About 11.2% in 2009.


35 posted on 01/08/2011 8:24:18 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
About 11.2% in 2009.

So compared to Argentina, their manufacturing is almost twice ours as a % GDP:

Argentina Manufacturing; value added (% of GDP) in Argentina 21.3

SO we are below third world status...

Thank you Free Trade™, what a wonderful 20 years its been!

36 posted on 01/08/2011 8:41:53 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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To: central_va; 1rudeboy
So compared to Argentina, their manufacturing is almost twice ours as a % GDP:

Yes.

SO we are below third world status...

If you think our $14 trillion GDP versus Argentina's $328 billion GDP means we're below third world status or our GDP per capita of $37,867 versus Argentina's GDP per capita of $9,894 means we're below third world status, your weak education may be to blame.

37 posted on 01/08/2011 8:50:04 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Nothing compared to what it used to be

Reminiscences Of An American Industrial Nation - How In A Few Short Years America Lost Its Manufacturing Sector

http://www.zerohedge.com/article/reminiscences-american-industrial-nation


38 posted on 01/08/2011 8:51:54 AM PST by FromLori (FromLori">)
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To: FromLori
Nothing compared to what it used to be

When we go back to your ideal world, what percentage of our GDP will be manufacturing?

39 posted on 01/08/2011 9:03:43 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Argentina is a nice country, if you pay no attention to the leftists (just pretend they are FR protectionists). Great food (especially the meat), pretty women, top-notch horses, and great beer (thanks to the, ahem, Germans who came over after the war).

Damn, now I have a taste for Sal & Carvao's. (Brazilian, but close enough).

40 posted on 01/08/2011 5:58:05 PM PST by 1rudeboy
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To: JRandomFreeper

TMI, Johnny, TMI! :P


41 posted on 01/08/2011 7:28:07 PM PST by derllak
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