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  • Cotton prices expected to double

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    Old 09-18-2010, 08:02 AM
      #41  
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    Originally Posted by franie
    Coffee is going up too. What's next? Chocolate? LOL
    Well believe it or not on the news there was a story about some guy who practically cornered the Cacao bean market, and that is what they make chocolate from so.......yes it will go up too
    Let's start a real revolution..let's find these guys and take a way their blankets so they have to shiver in the dark. That way they will bribe us with coffee, chocolates and sale priced fabs to make they a warm blankie.
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    Old 09-18-2010, 08:48 AM
      #42  
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    How depressing....I'll just have to buy buy buy!!!
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    Old 09-18-2010, 09:08 AM
      #43  
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    What a shame if we have to sacrifice using quality fabric because we can't afford it anymore. I think Connecting Threads will get a lot more business if they can keep their prices affordable. Somehow I think politics is involved, that's usually the case. Thank GOD I have a stash to rely upon. Charities will also suffer, how unfortunate for the unfortunate.

    It all makes me very sad.
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    Old 09-18-2010, 09:12 AM
      #44  
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    Thanks for the info it does seem like everything is going up and never stops.

    I can see where fabric at Joann's keeps going up.
    I guess I had better get to figuring on how nmuch fabric
    I will need for my next one and go purchase it soon.
    thanks again.

    cassiemae
    :-o
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    Old 09-18-2010, 09:19 AM
      #45  
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    do you think rumors like that get going to scare quilters into buying up more, fast?
    I guess time will tell.
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    Old 09-18-2010, 09:22 AM
      #46  
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    I wonder if the supply is low because so many are farming corn for ethanol!
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    Old 09-18-2010, 09:50 AM
      #47  
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    Originally Posted by tooMuchFabric
    Originally Posted by raptureready
    But as a farmer's daughter I can tell you this: If the prices of cotton skyrocket the farmers will plant more of it.
    Hear hear! So right! I hadn't got that far thinking about it. Thanks.
    .
    I have lived through many shortages- coffee, gasoline,beef, sugar,when it seemed prices were going through the roof! But prices do seem to level off sooner or later. And next year more farmers will plant more cotton.
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    Old 09-18-2010, 10:36 AM
      #48  
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    It's simple economics. If farmers ger more for planting corn and soy, they will devote more acres to those crops and less to cotton. So the supply of cotton diminishes and price go up because demand didn't change.

    The price will drop only if one of two things happen
    1. Demand for cotton drops. I can't see that happening but it would eventually if the price kept rising.

    2. Supply will go back up because farmers will now see a higher return for cotton and start planting more of it.


    I am afraid that since the demand for corn as an energy source will continue to grow, every other product that is grown will become more expensive in order to compete for land. I can't imagine any other outcomes. It's market forces at work.

    Boy, who knew I was actually paying attention in economics classes in college?
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    Old 09-18-2010, 11:14 AM
      #49  
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    Originally Posted by JenniePenny
    On my way to this board this evening, I scanned the headlines at MSN.com and saw an article about cotton prices on the rise due to low supplies and high demand. Not good news for any of us.

    Well, many of us have said that we could live to be 115 before we ever used up our stash. :?



    For people who are just beginning to quilt, like myself, i do not have a "stash" yet. I barely have enough material to make even one quilt. So i feel badly for those who are just beginning this soon-to-be very expensive hobby. It reminds me of when the price of "paper products" would rise, due to the same type of problem that fabric is now having. Eventually, the price of paper settled back down - let's just hope fabric will do the same.
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    Old 09-18-2010, 01:11 PM
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    not me i wish i still had my stash, gave alot of it up when i got married 3 yrs ago, i'm trying to rebuild it now. maybe isneed to shop tomorrow
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