Cotton Price Rises, Impact Upon the Price of Shirts Imminent

15 | 10 | 2010

Poor whether, increased demand from India and China; has led to a rise in the price of Cotton - which hit new heights in October 2010. Trading at $1.190 per pound in New York, this is the highest price that cotton has ever traded for. However, in inflationary terms, the "real" price of cotton is still a good deal lower than in the 1970's.

Compared to 2009, the price of cotton has risen by 47% in 2010. The flood disaster in Pakistan is one of the primary causes. Pakistan has traditionally been the fourth largest cotton producer globally. There are fears that other producers - such as India - may impose a ban on exports to protect their domestic market.