Monday 14 February 2011

Cotton pickin' Market Watch

Cotton prices have jumped to a 150-year-high, rising to $1.90 per pound on Friday, more than double what it was a year ago and just ahead of the $1.89 record, according to the International Cotton Advisory Committee.

looks like 10% additional price hike on summer lines, not just the spring ones as we were forecasting at C@W.

"All of our brands, every single brand, will take some price increases," said Eric Wiseman, chairman and CEO of VF Corp., whose brands include The North Face, Nautica, Wrangler and Lee.

Ahh.... BQ's old firm from years ago.


Old BE said...

I have a sure fire way to avoid inflationary price rises. Don't buy anything.

Tim Worstall said...

Arrrrrgh! Argle Argle!

The 1.89 was in 1864. There's been a tad of inflation since then.

1.89 in 1864 is around $22.00 now.

150 year high my hairy capitalist inflation adjusting arse it is.

Grumble, grumble....

Bill Quango MP said...

Yes..We did notice that. Cut out the original 'since the civil war ' line.

In 1864 Atlanta was on fire and general Sherman was burning everything from Georgia to the sea. Mostly cotton. It would certainly have caused a spike.

Google 'cotton high' and see just how many networks are reporting it as a 150 year high.

However, sensationalist headlines aside, the 10% extra increase looks about right for UK. Baring ongoing recession forcing down prices.
Have you seen JJB news today? Looking about ready to follow Auto windscreens, who have swapped owners for years.

Anonymous said...

Cotton clothing will be no use post peak-oil when we can't afford to heat properties. Sensible woollens from British sheeps will be revived.

Anonymous said...

OK. Maybe cotton undies, no-one can be comfortable in woolly smalls.

Nick Drew said...

Tune = Men of Harlech

What's the use of wearing braces?
Spats and hats and boots with laces?
Vests and pants you buy in places
Down on Brompton Road?

What's the use of shirts of cotton?
Studs that always get forgotten?
These affairs are simply rotten,
Better far is woad

Woad's the stuff to show men
Woad to scare your foemen
Boil it to a brilliant hue
And rub it on your back and your abdomen

Ancient Briton ne'er did hit on
Anything as good as woad to fit on
Neck or knees or where you sit on.
Tailors you be blowed!!

Romans came across the channel
All dressed up in tin and flannel
Half a pint of woad per man'll
Dress us more than these

Saxons you can waste your stitches
Building beds for bugs in britches
We have woad to clothe us which is
Not a nest for fleas

Romans keep your armours
Saxons your pyjamas
Hairy coats were meant for goats,
Gorillas, yaks, retriever dogs and llamas

Tramp up Snowdon with your woad on,
Never mind if we get rained or snowed on
Never want a button sewed on
Boillocks to the breeze !

Peter S. said...

Bravo ND, bravo!!

Nick Drew said...

Peter, while most of the doggerel I post, on C@W and elsewhere, is indeed all my own work ...

on this occasion - cannot tell a lie - it is not !

(I only do political poems)

James Higham said...

Phew - no Autograph in there.