Cotton Prices have gone down
#11
Senior Member
Join Date: Nov 2011
Location: Illinois
Posts: 957
My LQS kept prices at $9.60/yd. Went there recently & now $10.60/yd. If it goes any higher I have to find other fabric sources like thrift shops etc.
#12
Super Member
Join Date: Jan 2011
Posts: 3,200
Unfortunately, once prices go up on fabric- the LQS most likely will not drop their prices. Since they are the middlemen in the process, it is suggested by distributors that they mark up their fabric by double. Some shops don't do that - that is why we see prices from $8.70(The Old Country Store- Intercourse PA) - $11.25 (at my LQS-YIKES!!!) a yard for the same fabrics. The shops who buy more bolts of fabric get a break on multiple purchases and they can pass along those savings. If they move a lot of fabric, they can charge less- just a numbers situation. I know gas costs will have an effect on the overall cost but I think it will only make me go shopping in my stash.
#13
Super Member
Join Date: Feb 2011
Location: in front of this dang computer instead of my Bernina!(Naples, Florida)
Posts: 1,653
Even if cotton and gas prices settle down, inflation is going to be our next problem. The Feds are printing so much money, it will catch up with us sooner rather than later. Then everything will cost more. I'm trying to stock up on basics like batting, thread and white yardage so I can shop my stash for as much as possible.
#14
Once prices go up they almost never go back down !!! I cant wait for the elction to come and go and hopefully whoever is elected CAN DO something to help this nation !! Everything needs an updated overhaul !!!
#16
Senior Member
Join Date: Jun 2011
Posts: 976
I'm surprised cotton came down. I read this article last month Dated March 5, 2012
http://money.cnn.com/2012/03/05/news...ndia/index.htm
NEW YORK (CNNMoney) -- India banned all cotton exports on Monday, causing U.S. cotton futures to surge and igniting fears of another jump in prices for cotton goods.
India decided to immediately impose the ban because it's worried about a possible supply crunch in the country. One reason: India's cotton exports may have overshot government targets last year, its Directorate General of Foreign Trade said in a statement.
U.S. cotton futures jumped 4.5% -- the most allowed in a single day of trading -- to 92.23 cents per pound following the news.
"This India development really caught the entire cotton industry and traders off guard because it came with no warning," said Phil Flynn, senior market and commodities analyst with PFG Best.
http://money.cnn.com/2012/03/05/news...ndia/index.htm
NEW YORK (CNNMoney) -- India banned all cotton exports on Monday, causing U.S. cotton futures to surge and igniting fears of another jump in prices for cotton goods.
India decided to immediately impose the ban because it's worried about a possible supply crunch in the country. One reason: India's cotton exports may have overshot government targets last year, its Directorate General of Foreign Trade said in a statement.
U.S. cotton futures jumped 4.5% -- the most allowed in a single day of trading -- to 92.23 cents per pound following the news.
"This India development really caught the entire cotton industry and traders off guard because it came with no warning," said Phil Flynn, senior market and commodities analyst with PFG Best.
#18
I'm not waiting for prices to go up OR come down--just sent in an order to Connecting Threads for $2.48/yd (50% off fabrics, and already started a wish list for more from a $2.96 group that I'll likely order before the sale ends mid-April. Prices were too good to pass up, even with too much on hand already! (Since I'm "spending my children's inheritance" (hah!)I told them that if I die before I use it all up to be be sure to have an estate sale and mention Extensive Qullting Fabric Stash in the headline. ; P
#19
If I had to reorder the exact same batiks for instance that came in this week, (which were ordered 3 months ago,) it would cost me 25 cents a yard more than I paid.
#20
Super Member
Join Date: Apr 2010
Location: Illinois
Posts: 9,312
Just a comment , If you were a buyer at $10.00 per yard .. why would anyone sell you at anything less than $10.00?!! Same goes for oil .. it you buy at $100.00 per barrel , why would the lower the price!?!
And there are far more influences keeping prices High than raw cotton prices.
And there are far more influences keeping prices High than raw cotton prices.
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03-21-2011 07:46 AM