NewsSeptember 09, 2010 03:30 PM
Luxury T-Shirt Material 'Cotton' Now Even MORE Expensive
The price of cotton is going through the roof (not really though). Usually when things become more expensive it is because Goldman Sachs fucked with the commodity markets, again. But not this time! This time you can blame Asia, for its multifarious droughts and other natural disasters:
Attention T-shirt fans: Bag those deep discounts now because come January, stores could have you paying more for your favorite clothing.
The reason: Cotton prices have nearly doubled this year, hitting a near 15-year high following a chain of events among major Asian cotton producers that has choked off global supply.