Cotton prices have been at record levels, with prices for other Georgia grown row crops riding high as well. And, according to UGA farm economists ...
Look for inflation next time you buy something. If its noticeable in America, in the 3rd world it VERY noticeable.
I USE A PROPRIETARY MATHEMATICAL MANUAL SYSTEM TO FIND TOPS AND BOTTOMS FOR ANY FINANCIAL CHART. I WILL FIND YOU PRICE AND TIME WITHIN A VERY ...
Wheat Plunging as Stockpiles Climb to 10-Year High: Commodities
(For more commodity columns, click CMMKT.)
Nov. 4 (Bloomberg) -- Wheat is heading for the biggest slump in three years as the second-largest harvest on record swells stockpiles, easing shortages that drove global food costs to an all-time high.
Prices that plunged 21 percent to $6.24 a bushel this year in Chicago will probably drop as low as $5.90 before the end of December, according to the median estimate of nine analysts and traders surveyed by Bloomberg. Supply in the 12 months ending June 30 will expand 5 percent to 684 million metric tons, boosting inventories to the highest in a decade, the London- based International Grains Council estimates.
Production is expanding after last year’s 47 percent price rise led farmers to plant more grain, while Russia and Ukraine recovered from drought that ruined crops. Cheaper wheat will reduce strains caused by rising corn and rice prices and add to pressure on United Nations-monitored food costs that have declined 9 percent from a record in February.
Executive Brief Update 2011: Cotton sector / Cotton / Commodities ...
1. Background and key issues
Since 1960, patterns of global cotton production and trade have been transformed. The USA remains the largest exporter, exporting nearly twice as much cotton as the combined total of the three next largest exporters (China, India and Pakistan). More recent years have seen a concentration of the sector on two levels: the first of these is the concentration in Asia of cotton producing/exporting countries and consuming countries. Production in India has taken off, and the country moved in 2005/6 from being a net importer to net exporter. India is projected to become a major competitor for ACP cotton producers, as a result of proactive government policies and its proximity to major markets: of India’s cotton exports, 22.9% go to China, 12.4% to Bangladesh, 16.6% to Pakistan, 6.6% to Indonesia and 5.2% to Thailand. China is both the biggest cotton producing and consuming country. Together, China and India consume about 60% of world cotton production. Europe has become marginal as a consumer of cotton.
...Raise the cost of soaring wholesale price winter clothing in 2011 ...
Although the second half of last year, soaring cotton prices have turned all the way down, but the author from Beijing, Guangzhou, Hangzhou, Changshu, Chongqing and other places clothing china wholesale market that, due to transportation, labor and other costs rise, fall and winter clothing this year, wholesale prices are still In the higher, or about 10%. In the Fortune Building, snow fell in love with Han Xiao Yu said the brand down jacket wholesaler, because of the weather, is now selling down jacket in the sale of this stagnation, the current band Down in sales compared to last year sales fell 30%, the price rose by 50 yuan to 200 yuan, rose by 10%, as sales influenced by the weather down jacket if the weather after the New Year with the same earlier this year, sales or flat. The rise in wholesale prices directly affect the retail stores to purchase the decline of many businesses, the purchase cycle longer. Century clothing wholesale market in Beijing Zoo, Tin Lok layer, a purchase of the stores are the main told reporters: "Now we are very careful purchase, purchase cycle is extended accordingly. Last year at this time every time in a clothing store to get sixty-seven, This year took only twenty-three; a purchase price of 40 yuan last year's sweater this year rose to 60 yuan. " Insiders reflect, many textile enterprises are still in to the inventory phase, mainly due to sharp rise in cotton prices last year, a large accumulation of cotton spinning enterprises to expand production capacity; and cotton prices fell sharply this year, far beyond the companies' expectations, high bought cotton makes the significant increase in production costs, resulting in product prices. It also enables more textile enterprises are increasingly concerned about how the pulse Mozhun cotton. Flying Dragon of China (Changshu) Men's Clothing City Sales Center for Pan Yan told the author, year of the dragon fly clothing wholesale prices rose 15% to 20%, and the retail price or more, 20% to 30% of room. And 100 into the sink or in about 15%. One hundred to exchange large area manager, said Chen Yan, in order to better maintain cooperative relations and brand reputation, the company would rather reduce profits, rising costs will not fully passed on to agents and consumers. Hangzhou Evergreen this year's winter clothes wholesale clothing wholesale market generally rose more than 10%. Clothing business for over ten years of market traders Yeming Wei said: "a Korean winter of logistics cost about 15 yuan to 20 yuan, with the increase in factory labor costs, the cost will increase by 50 yuan to 80 yuan, only logistics and labor costs due to an increase of 20%. " Often travel in Guangzhou Liuhua, Zhongshan eight other people will find wholesale clothing, this year in terms of cargo traffic or passenger flow, are weaker than in the past. Especially from the beginning to the end of raw material prices, from the company owner was down to the porters are getting a bad feeling to do wholesale clothing, not only to reduce the number of foreign buyers, and procurement of goods than before, the number dropped significantly. Although some wholesalers were forced to raise prices, but profits declined. Kerry to days of slavery Shi Garments Co., Ltd., general manager of pure fighting calculations to the author: "For example, a year ago, the cost of a garment we produce is $ 40, price 50 yuan can sell 100; now costs up to $ 45, we had mentioned the price $ 55 and buyers to buy only 50, so that the unit price is up, the total profits can be down. " In addition to the rent and pay the double attack, the foreign exchange rate fluctuations and political instability have a serious impact on wholesale clothing market. Xinyuan Garment Factory Ltd. Wengjia Jun said: "Compared to last year, our export volume decreased by 80%, this is my 20 years in the wholesale clothing trade has never encountered before. Our products are mainly sold to the Middle East region, had sales of RMB appreciation has offset the growth in that part of the year coupled with instability in the Middle East many times, some customers at the beginning to the present set of goods not removed. " I learned in the market, seemingly bustling crowd is looking to buy less. Some merchants in the county from the suburbs to buy goods at wholesalers - china retail, far fewer than in the past number of getting goods. Special distribution of children's clothing, fashion "trendsetters" shop staff Schilling told reporters: "Recently the goods, up 10 yuan each, a good day when only sold a few pieces, sometimes a day one can not sell." Garments Co., Ltd. in Chongqing Heng Chun Xiang Bin stores all kinds of leather wholesale business, casual clothes. Chairman Peiguo Yun said: "This year, the purchase price by 10% to 20%, Chongqing market is difficult to digest, so our business is not very good. The goods sent out are not being paid money, debts of hundreds of thousands of Yuan. " The same in a market, I see King Street in Harbin is an entirely different story. In this street wholesale clothing business Bai Haibo told reporters: "Yu-school clothing models were updated faster than Hangzhou, Guangdong faction, Chinese school almost, number too large, consistent body of northerners." According to statistics, Yu sent 60% of clothing sold in the Northeast and Beijing, Taiyuan, Xi'an, Lanzhou, Zhengzhou, Wuhan and other places. Another 40% are sold to eastern and southern regions, including Shanghai, Guangdong, Yunnan, Guizhou and other places. I learned in the city of Chongqing to send clothing: the clothes with the money, the ex-Yu to send clothing each expensive than other parts of 30 yuan to 50 yuan, the sales potential is good. Similarly, many clothing wholesaler in Guangzhou began to seek change. Lin Bo, director of England introduced the Garment Co., Ltd., the company has begun a multi-channel operation, in addition to take the wholesale channel, but also actively building its own clothing brand, the company participated in this year's Fair in order to expand the brand's influence, And Taobao, Alibaba e-commerce website has been set up online stores, the effect is good.
Average cost of Cotton Shirt 2011 News
Trading remains firm at lint marketPakistan Daily Times - Jan 01, 1970
The physical prices remained around Rs 6000 per maund to Rs 6150 per maund depending on grades, they said. It is the fourth consecutive fortnight lint arrival report of crop season 2011-12 by Pakistan Cotton Ginners Association.Reuters - Jan 01, 1970
By Nivedita Bhattacharjee and Phil Wahba () - US shoppers who bought jeans, T-shirts and socks lately have had to shell out more cash. They'd better get used to it. Even as cotton prices recede from all-time highs set in the spring,
MarketWatch (press release) - Jan 01, 1970
PHOENIX, AZ, Nov 03, 2011 (MARKETWIRE via COMTEX) -- Record cotton costs from first quarter this year are forcing stores to increase prices this holiday season. According to The Wall Street Journal, cotton "surged to historic highs this spring.BusinessWeek - Jan 01, 1970
Wheat is heading for its biggest annual decline since 2008, when the IGC says harvests reached a record, and is this year's third-worst performer in the Standard & Poor's GSCI gauge of 24 commodities, followed by nickel and cotton.