cotton prices
#11
The price of cotton - it's a commodity like wheat, barley, and milk - is a function of supply, demand, and speculators. If the farmers had to pay $20 a gallon for diesel, it wouldn't matter. Farmers do not get to set their own price, they have to take what they can get. As I understand it, there have been two cotton crop failures in a row. Most, if not all, US mills have shut down and moved overseas. We cost too much. We demand high wages and high benefits, and the end result is no jobs and higher costs for products.
Wife of a wheat and cattle farmer - and bookkeeper to many more.
Wife of a wheat and cattle farmer - and bookkeeper to many more.
#12
Super Member
Join Date: Apr 2010
Location: Illinois
Posts: 9,312
The way I see it is if you are a buyer at $10.00 why would they ever sell it for less. So if we all remain buyers at the over $10.00 price point if the cost to produce it ever goes down they have no reason to ever lower the price.
#13
Originally Posted by Shelley
The price of cotton - it's a commodity like wheat, barley, and milk - is a function of supply, demand, and speculators. If the farmers had to pay $20 a gallon for diesel, it wouldn't matter. Farmers do not get to set their own price, they have to take what they can get. As I understand it, there have been two cotton crop failures in a row. Most, if not all, US mills have shut down and moved overseas. We cost too much. We demand high wages and high benefits, and the end result is no jobs and higher costs for products.
Wife of a wheat and cattle farmer - and bookkeeper to many more.
Wife of a wheat and cattle farmer - and bookkeeper to many more.
#15
I think that the prices will go down. When the cost gets to that point people can't afford it they don't buy as much or stop buying. They have to look at the bottom line high prices less sales. The economy is still in a stalemate on what way it is going to go. I am predicting that prices are going to drop and balance out. I feel the cotton crops this year were a lot better then last year but will they try to recoop last years losses. It would be nice if we could regain American manufactors instead of relying on foreign China products.
#17
Most of the cost of fabric is the cost of labor and transportation, so as wages increase worldwide, the prices will increase and every increase in a barrel of oil drives up the transportation cost.
So there will only be increases in the cost of fabric.
So there will only be increases in the cost of fabric.
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05-01-2011 02:23 PM