Skip to comments.Soaring Cotton Prices
Posted on 05/23/2011 9:05:10 PM PDT by orsonwb
You may soon feel the financial sting as soaring cotton costs work their way from the cotton fields, to the textile mill, to the apparel manufacturer, to the retailer, and finally to that new pair of pants or dress youve had your eye on...
(Excerpt) Read more at technorati.com ...
Why? Did they find a way to make windmills out of cotton?
This is because of the cotton ethanol subsidy. NO MORE IMMORAL BURNING OF OUR CLOTHES!
I thought cotton prices had started soaring months ago. Thank goodness for polyester.
I wonder how it will affect me. All my clothes seem to be made in Bangladesh, Vietnam or Mexico.
The Lubbock area produces a large percentage of the U. S. cotton crop and it has been bone dry this year.
Mississippi River delta crop is washing away.
The WSJ just had a timely article about spinning dog hair into yarn and weaving cloth with it. Maybe we don’t need that cotton, anyway, if we can just accumulate enough dog hair...
With most of the cotton-growing areas of Texas experiencing a severe drought, while the Mississippi River cotton fields have been flooded, the crop this year will yield less than average. So lack of supply and commodities speculators, will most certainly drive the price up to new highs.
“Thank goodness for polyester.”
Uh...you do know that polyester is made from oil, not much of a relief from high prices.
Yeah, there's nothing like those folks working to get their benefit check for a change. They can work in the fields during the day and at night they can sing, dance, and breed. The democrat party will finally have gotten things back to where they had them before the War of Northern Aggression screwed them up. Of course, if Detroit is a bad climate for cotton, there's always Atlanta.
#Egypt - 10,000s Acres of Cotton Threatened by Lack of Diesel Fuel to Run Irrigation Systems http://tinyurl.com/3zrb8h2
Yeah, polyester is an oil based product, that is one reason why cotton soared. Usually the competition between the man-made fibers and natural fibers keep both products competitive but it is all up for grabs this year.
I didn’t even answer your question, it started soaring in late July last year and attained a high of over 2 dollars a pound, it is now down to a little over a dollar fifty.
In the past if synthetics didn’t quell the price, farmers would plant so much cotton that the price would fall quickly but with every farm product being worth so much more farmers are sticking with the same game plans and most aren’t jumping in to cotton.
It’s horrible. Costco’s Kirkland brand jeans went from $12.99 to $13.99; and the quality is excellent.
Is that Pete Rose?
It was a joke.
My favourite pair of jeans have doubled in price this year.
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