Cotton Prices Hit 140-Year High
Cotton trading has surged over 65% this year. A string of bad harvests and demand from China have sparked worries of a global shortfall, leaving prices at the highest level since the Civil War. (Yes, I said the CIVIL War, as in 1863.)
Prices for Gildan, Hanes, Port & Company and Jerzees products will increase beginning Monday, November 1. But the real news is that an end to the rising cost of cotton does not seem to be in sight. Our suppliers monitor yarn costs and supply daily and expect price increases to continue in the coming months.
If you are planning to purchase cotton apparel in the near future and into the New Year, I would suggest you consider moving up your buying timeline. With prices on the rise, this is your chance to lock in the price of your cotton shirts before the next increase hits.
Ken Maltby, Sky High Marketing
Prices for Gildan, Hanes, Port & Company and Jerzees products will increase beginning Monday, November 1. But the real news is that an end to the rising cost of cotton does not seem to be in sight. Our suppliers monitor yarn costs and supply daily and expect price increases to continue in the coming months.
If you are planning to purchase cotton apparel in the near future and into the New Year, I would suggest you consider moving up your buying timeline. With prices on the rise, this is your chance to lock in the price of your cotton shirts before the next increase hits.
Ken Maltby, Sky High Marketing