07/03/2011 Cotton price hit the highest point since the Civil War
Cotton Prices Rising
Devastating Floods Lead to Record Cotton Prices
prices rise for cotton farmers
Prices of cotton hit the highest levels, since the American Civil war. Analysts described the situation as „panic“ buying by mills. Many manufacturers were forced to switch to alternative fabrics, in order to keep their prices and profits in check. The prices were expected to fall sharply in the coming months.
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