Honey

I just read this on one of the news sites. I don't think that this bodes well for all of us quilters. I just hope that the jump won't put us on par with what people in the UK and Europe have to pay. If so, my stash is going to be used up very quickly. What do all of you think about this? I think I won't rush out and buy bolts and bolts, but I will look for some fabrics that I have been wanting and needing to complete some projects. I was going to wait until after Christmas, but I'm starting to rethink that idea.

"The sudden surge in prices—cotton has risen as much as 56% in three months—has alarmed manufacturers and retailers, who worry they may be forced to pass on higher costs to recession-weary consumers.

The December cotton contract hit $1.1980 a pound minutes after the opening of trading on the Intercontinental Exchange on Friday. It is officially the highest price since records began back in 1870 with the creation of the New York Cotton Exchange."

BellaBoo

I think I'll stock up on basic clothing items now like socks, underwear, tee shirts, jeans, etc. These will increase in price and they are usually a have to have before fabric. I'm buying as much fabric as I can when I find a clearance sale. With so many online shops going out of business it's the time to stock up.

Maggiesmom

I guess my neighbors are going to be richer. There are thousands of pounds baled up in my neighborhood and they are still picken'.

CarrieAnne

Well, I cant really run out and stock up, but I think gettinga bit now is good. I will buy my kids socks for Christmas!

Honey

Yes, everyone on my list is going to get some of the dreaded essentials along with goodies this year.

e4

Yes, cotton prices have gone up - and then went down again - at least a little bit. But the trend is up (30 cents per pound over the past year (2009-2010). Since a yard of quilting cotton usually weighs about 4-6 oz and to allow for some waste as the cotton is processed, the price increase means a 10-15 cents per yard increase. The roof is not falling in, but increasing like everything else.

amma

I will be stocking up, especially on the Black Friday sales for cotton items... AND ofcourse fabric too :D:D:D

MisDixie

I am in Canada and I use to pay from $15. to $25. for quilt shop quality cotton fabric. Now it starts at $17. and goes up from that. Needless to say I enjoy trips back east to access shopping in Maine. I buy a lot on line
from sites in the US and have seen a rise in prices over the past 6 months. What use to sell for $3 or $4 is now up to $5 or $6. Will be using the fabrics on hand, and checking out links for great sales on this site.

Favorite Fabrics

What a smart and sensible calculation to make!

And it's right in line with what we're seeing, 10-15 cents per yard increases in the wholesale price of the newest fabric lines.

QKO

Nan, I don't know where you're buying your fabric, but ours have gone up a lot more than 10 to 15 cents a yard. We've already seen 25 cents a yard so far this year, and suppliers are telling us it'll be at least that much more in the next 6 months or so. :-( :-( :-(

Not good...