Saturday, February 5, 2011

The Price of Cotton

I knew that the price of cotton had gone up but I didn't realize by how much. I was looking around on the Afingo Blog and found this post on the rise in cotton prices. Here's a short excerpt:

"The National Cotton Council of America reports that the average world price of cotton has increased by 89% from October 2009 to October 2010. Worldwide cotton prices have skyrocketed 117% over just five years ago. Blame a perfect storm of extremely high demand and weather-wreaked crop destruction for the situation."

This might not be such a bad thing. There are many fine fibers out there. Wool slacks, anyone?

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