Cotton prices expected to double
#41
Originally Posted by franie
Coffee is going up too. What's next? Chocolate? LOL
Let's start a real revolution..let's find these guys and take a way their blankets so they have to shiver in the dark. That way they will bribe us with coffee, chocolates and sale priced fabs to make they a warm blankie.
#43
Super Member
Join Date: Nov 2009
Location: Omaha, NE
Posts: 1,052
What a shame if we have to sacrifice using quality fabric because we can't afford it anymore. I think Connecting Threads will get a lot more business if they can keep their prices affordable. Somehow I think politics is involved, that's usually the case. Thank GOD I have a stash to rely upon. Charities will also suffer, how unfortunate for the unfortunate.
It all makes me very sad.
It all makes me very sad.
#44
Thanks for the info it does seem like everything is going up and never stops.
I can see where fabric at Joann's keeps going up.
I guess I had better get to figuring on how nmuch fabric
I will need for my next one and go purchase it soon.
thanks again.
cassiemae
:-o
I can see where fabric at Joann's keeps going up.
I guess I had better get to figuring on how nmuch fabric
I will need for my next one and go purchase it soon.
thanks again.
cassiemae
:-o
#47
Senior Member
Join Date: Jun 2010
Location: Iowa
Posts: 666
Originally Posted by tooMuchFabric
Originally Posted by raptureready
But as a farmer's daughter I can tell you this: If the prices of cotton skyrocket the farmers will plant more of it.
.
#48
It's simple economics. If farmers ger more for planting corn and soy, they will devote more acres to those crops and less to cotton. So the supply of cotton diminishes and price go up because demand didn't change.
The price will drop only if one of two things happen
1. Demand for cotton drops. I can't see that happening but it would eventually if the price kept rising.
2. Supply will go back up because farmers will now see a higher return for cotton and start planting more of it.
I am afraid that since the demand for corn as an energy source will continue to grow, every other product that is grown will become more expensive in order to compete for land. I can't imagine any other outcomes. It's market forces at work.
Boy, who knew I was actually paying attention in economics classes in college?
The price will drop only if one of two things happen
1. Demand for cotton drops. I can't see that happening but it would eventually if the price kept rising.
2. Supply will go back up because farmers will now see a higher return for cotton and start planting more of it.
I am afraid that since the demand for corn as an energy source will continue to grow, every other product that is grown will become more expensive in order to compete for land. I can't imagine any other outcomes. It's market forces at work.
Boy, who knew I was actually paying attention in economics classes in college?
#49
Originally Posted by JenniePenny
On my way to this board this evening, I scanned the headlines at MSN.com and saw an article about cotton prices on the rise due to low supplies and high demand. Not good news for any of us.
Well, many of us have said that we could live to be 115 before we ever used up our stash. :?
Well, many of us have said that we could live to be 115 before we ever used up our stash. :?
For people who are just beginning to quilt, like myself, i do not have a "stash" yet. I barely have enough material to make even one quilt. So i feel badly for those who are just beginning this soon-to-be very expensive hobby. It reminds me of when the price of "paper products" would rise, due to the same type of problem that fabric is now having. Eventually, the price of paper settled back down - let's just hope fabric will do the same.
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