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."