Cotton prices are really pushing up the prices of Promo T-shirts these days. Cotton futures surged again earlier this month following a USDA crop report. Traders pushed prices even higher after the government said Chinese consumption increased by 500,000 bales from last month.
Analysts said that China’s demand remains strong despite high cotton prices as it tries to make up for crops lost to heavy rains earlier in the year. The USDA also adjusted its U.S. crop estimate slightly higher, and predicted world production would fall short of consumption by about 4 million bales.
Given the increased costs of Cotton, Bamboo and other Green fibres are becoming much more affordable. Same scenario with Cotton Bags & Baseball Caps.
