Cotton prices are above $1 per pound, the first time since 1995. Prices have risen more than 40% since July due to strong demand, tight supplies, and strong buying from speculators. Prices may continue to stay above a $1 per pound though 2011 as global demand exceeds supplies, creating an imbalance that will not be solved anytime soon.
Supply concerns have been prominent around the world as floods in Pakistan, heavy rains in China, and India capping cotton exports have led global inventories in 2010 to decline to roughly 45 million bales, the lowest since 1996.
by: Greyson S. Colvin
Over the past 10 years NWC Ltd. has seen a 50% rise in the manufacturing of 100% cotton work wear. This is due mostly to safety and comfort. (cotton unlike poly/cotton does not melt and stick to skin when burned and also does not absorb perspiration like 100% cotton does) Although its not going to impact NWC a great deal, customers can expect a minimal increase in work wear pricing over the next few months.
No comments:
Post a Comment