Cotton Prices at Historic Highs
Cotton prices are at an all-time high, and they have nearly tripled in the last 12 months. We are receiving a steady stream of price increases from all the major garment manufacturers, as they are reacting to rapidly changing market forces.
This graph illustrates the average spot price in US cents per Pound for Upland cotton (color 41, leaf 4, staple 34)
(Source: USDA Market News)
If you’re planning major garment purchases for later this year, it may be wise to push your ordering forward.
Read more on cotton prices in this WSJ article.