cotton prices to SOAR even higher...
03-06-2012, 03:45 PM
#1
Banned
Thread Starter
Join Date: Dec 2009
Location: Enid, OK
Posts: 8,273
cotton prices to SOAR even higher...
today India announced that is will no longer export their cotton or cotton goods! Sent prices of cotton through the roof for sure.... stock up on undies, socks, sheets, towels, etc now! Then worry about your stash!
Last edited by QuiltnNan; 03-06-2012 at 05:17 PM. Reason: remove link to registration required site
03-06-2012, 04:10 PM
#4
Super Member
Join Date: Apr 2010
Location: Illinois
Posts: 9,312
Sorry to disagree but the futures market only showed a 4 percent increase in trading on Cotton. I commented in an earlier thread on th is subject.. that the markets have been trading significantly lower than the record high of $2.21 per pound ... the markets had been treading in the recent month at .94 cents per pound..
The cost of raw cotton is only partially impacting the finished costs to the consumer, since the raw cotton makes up only about 20 - 25% of the finished costs. The commodity that will be more wide sweeping in the impact on prices is oil, it affects every single step of the process from planting, fertizing, transport to mill, transport to print,to warehouse to store ... etc.
The cotton futures market has a long way to go from .94 per pound ( what the futures traded today) till it hits the all time high ( over a year ago of $2.21) per pound.
The cost of raw cotton is only partially impacting the finished costs to the consumer, since the raw cotton makes up only about 20 - 25% of the finished costs. The commodity that will be more wide sweeping in the impact on prices is oil, it affects every single step of the process from planting, fertizing, transport to mill, transport to print,to warehouse to store ... etc.
The cotton futures market has a long way to go from .94 per pound ( what the futures traded today) till it hits the all time high ( over a year ago of $2.21) per pound.
03-06-2012, 06:23 PM
#10
Banned
Thread Starter
Join Date: Dec 2009
Location: Enid, OK
Posts: 8,273
Thread
Thread Starter
Forum
Replies
Last Post
