Cotton Prices
11-14-2010, 08:30 AM
#14
Super Member
Join Date: Aug 2009
Location: Quilting somewhere......
Posts: 2,591
When I am hand sewing, I usually put something on the TV that I won't watch much of. A week or so, I put on QVC. They had a designer, Stan Herman, on the show. He was talking about 100% cotton and the prices going up. He said that by next year, cotton would be as valuable as gold bars and would be quite expensive to buy 100% cotton. I dread to see just how high it will go.
11-14-2010, 09:08 AM
#16
Senior Member
Join Date: Apr 2009
Location: Manitoba, Canada
Posts: 702
This could be really bad for those of us who live in Canada, because our fabric in a lot of places is already at $20.00 plus in a lot of the local quilt shops. Could be a whole lot more come the beginning of the year.
11-14-2010, 09:13 AM
#17
Super Member
Join Date: Jun 2009
Location: Lost in a quilt shop :-)
Posts: 1,342
Just did a shop hop yesterday. Highest I saw in the LQS was 10.49/yd. Didn't buy any that price. Yes, crazy as that is, buying FQ's at 2.75 is equal to 11.00 a yard, and that's what I bought the most of. More for the variety I guess.
11-14-2010, 04:09 PM
#18
Banned
Thread Starter
Join Date: May 2009
Location: LA - Lower Alabama
Posts: 888
Well, amazingly enough, they actually mentioned the cotton prices on the evening news (CBS) - said it is up 400% and that some dealers are now hoarding cotton bales..
copied from CBS evening news:
http://www.cbsnews.com/stories/2010/...n7054556.shtml
"Last spring bad weather in India, Pakistan and China destroyed cotton fields, slashing the global supply while demand is higher than ever. The growing middle class in those countries is spending its new-found wealth on western-style cotton clothes.
Rich Delano works in China, where investors are ignoring stocks and buying bales.
"What they're doing is they're buying actually containers of cotton yarn and holding it, sitting on it," he says.
That ups the prices, which are just now trickling down the supply chain.
The cotton costs more, so the pockets cost more, which means all-cotton jeans are going cost you more. Higher prices are a tough sell in this economy, so manufacturers are cutting where they can, using synthetic blends, lowering labor costs and searching for long-term alternatives, including from an unlikely source: Bamboo. It looks like cotton, feels like cotton and at this point is cheaper than cotton. Delano says inquiries for his bamboo fabric are up almost 50 percent.
"More manufacturers and more brands, more designers are looking for alternative fibers, alternative fabrics," says Delano. "
copied from CBS evening news:
http://www.cbsnews.com/stories/2010/...n7054556.shtml
"Last spring bad weather in India, Pakistan and China destroyed cotton fields, slashing the global supply while demand is higher than ever. The growing middle class in those countries is spending its new-found wealth on western-style cotton clothes.
Rich Delano works in China, where investors are ignoring stocks and buying bales.
"What they're doing is they're buying actually containers of cotton yarn and holding it, sitting on it," he says.
That ups the prices, which are just now trickling down the supply chain.
The cotton costs more, so the pockets cost more, which means all-cotton jeans are going cost you more. Higher prices are a tough sell in this economy, so manufacturers are cutting where they can, using synthetic blends, lowering labor costs and searching for long-term alternatives, including from an unlikely source: Bamboo. It looks like cotton, feels like cotton and at this point is cheaper than cotton. Delano says inquiries for his bamboo fabric are up almost 50 percent.
"More manufacturers and more brands, more designers are looking for alternative fibers, alternative fabrics," says Delano. "
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