I have been reading the debate between cotton prices and greed and decided to check it out. I am a researcher by nature and need the facts rather than contribute my uninformed speculation.
Take a look at:
http://www.indexmundi.com/commoditie...ton&months=120.
The chart shows cotton prices for the last 10 years (the prices are in cents, so 120 is $1.20.)
As recently as early 2009, cotton prices were below 60 cents per pound. From mid-2010 through early 2011, they soared, reaching more than $2.26 per pound. As of Friday, the price was 88.6 cents per pound. Great news for cotton producers, not so good for buyers of cotton products.
I don't know how long it takes for the farm price to be reflected in the market price of cotton products, but if this trend continues, prices we see in the shops should be declining.
Hope this helps shed some light on the situation.