Cost of fabric to go up... Mod edit, please read post #6
01-17-2019, 11:45 AM
#1
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Location: SW, MI
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Cost of fabric to go up... Mod edit, please read post #6
I was just at a retreat with some fabric shop owners and they said they have been notified that fabric will be going up 25% very soon. Has anyone else heard about this?
01-17-2019, 12:10 PM
#2
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Location: Mississippi
Posts: 26,122
Glad I have enough stash to last for years.
01-17-2019, 12:15 PM
#3
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Yes, I've heard that fabric is going up. There was a post a while back that said fabric would be subject to the new tariff. Also, China has purchased up all the futures in cotton.
(I'm repeating what I read here and have not personally verified it.)
bkay
(I'm repeating what I read here and have not personally verified it.)
bkay
01-17-2019, 01:51 PM
#4
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I've heard rumors but I have enough to last me about 5 lifetimes.
01-17-2019, 02:06 PM
#6
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Join Date: May 2011
Location: Pacific NW
Posts: 9,444
I sent an email to Scott Fortunoff and asked him these questions. He has quite a resume: He is President of A.E. Nathan Fabric, Blank Quilting, Studio E, Co-President of FreeSpirit, and Vice-President of Henry Glass Fabrics. He responded in less than 10 minutes to my inquiry! 
Here is his reply:
That sounds like a bunch of stuff mushed together to create confusion. Here are the facts:
1. The 25% that they are probably referring to is the tariffs that may go into effect from China. The tariff is currently at 10% and prices probably have gone up a little. As a consumer, you may or may not notice this increase. If in March, the US and China don’t settle the trade dispute the tariff could go up 25%. That would only impact fabric and other stuff coming from China. With that being said, the majority of fabrics come from Korea. In any case, no one knows what will happen in March. Personally, and this is totally my opinion, I am not so confident that the US and China can settle. However, I hope they do.
2. China can’t possibly buy all the cotton futures. That’s just nonsense and I can’t really speak to that b/c I haven’t even heard anything like that.
Hope that helps.
Here is his reply:
That sounds like a bunch of stuff mushed together to create confusion. Here are the facts:
1. The 25% that they are probably referring to is the tariffs that may go into effect from China. The tariff is currently at 10% and prices probably have gone up a little. As a consumer, you may or may not notice this increase. If in March, the US and China don’t settle the trade dispute the tariff could go up 25%. That would only impact fabric and other stuff coming from China. With that being said, the majority of fabrics come from Korea. In any case, no one knows what will happen in March. Personally, and this is totally my opinion, I am not so confident that the US and China can settle. However, I hope they do.
2. China can’t possibly buy all the cotton futures. That’s just nonsense and I can’t really speak to that b/c I haven’t even heard anything like that.
Hope that helps.
Last edited by Peckish; 01-17-2019 at 02:12 PM.
01-17-2019, 02:22 PM
#7
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Thank you Peckish for putting this rumor to rest and going to a reliable source.
01-17-2019, 02:40 PM
#8
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Location: Myrtle Beach, SC
Posts: 8,108
I expected it because of tarriffs. Of course, it won't be just quilting fabric. Sheets, clothing, towels and Lord knows what else will be increasing in price.
01-17-2019, 03:22 PM
#9
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Join Date: Oct 2012
Location: West Central Texas
Posts: 2,586
Marshalls Dry Goods raised their prices by 50 cents a yard at the first of the year. Their fabrics are still cheaper than most but I hate to see the increased prices.
01-17-2019, 03:53 PM
#10
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Thread Starter
Join Date: May 2010
Location: SW, MI
Posts: 827
I sent an email to Scott Fortunoff and asked him these questions. He has quite a resume: He is President of A.E. Nathan Fabric, Blank Quilting, Studio E, Co-President of FreeSpirit, and Vice-President of Henry Glass Fabrics. He responded in less than 10 minutes to my inquiry!
Here is his reply:
That sounds like a bunch of stuff mushed together to create confusion. Here are the facts:
1. The 25% that they are probably referring to is the tariffs that may go into effect from China. The tariff is currently at 10% and prices probably have gone up a little. As a consumer, you may or may not notice this increase. If in March, the US and China don’t settle the trade dispute the tariff could go up 25%. That would only impact fabric and other stuff coming from China. With that being said, the majority of fabrics come from Korea. In any case, no one knows what will happen in March. Personally, and this is totally my opinion, I am not so confident that the US and China can settle. However, I hope they do.
2. China can’t possibly buy all the cotton futures. That’s just nonsense and I can’t really speak to that b/c I haven’t even heard anything like that.
Hope that helps.
Here is his reply:
That sounds like a bunch of stuff mushed together to create confusion. Here are the facts:
1. The 25% that they are probably referring to is the tariffs that may go into effect from China. The tariff is currently at 10% and prices probably have gone up a little. As a consumer, you may or may not notice this increase. If in March, the US and China don’t settle the trade dispute the tariff could go up 25%. That would only impact fabric and other stuff coming from China. With that being said, the majority of fabrics come from Korea. In any case, no one knows what will happen in March. Personally, and this is totally my opinion, I am not so confident that the US and China can settle. However, I hope they do.
2. China can’t possibly buy all the cotton futures. That’s just nonsense and I can’t really speak to that b/c I haven’t even heard anything like that.
Hope that helps.
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