Wednesday, August 17, 2011

The Inevitable Rising Cost of Cotton Fabric

A "Perfect Storm of Events" has resulted in a spike in cotton prices

Below is an example of the cotton-related news reports we have been reading over the last year.

Reported by Matthew A. Ward
CARROLLTON, Va | Tue Aug 2, 2011 12:17pm EDT

(Reuters) - Last year, customers at Bella Fabrics in eastern Virginia paid no more than $9.99 a yard for the designer fabric they fashion into quilts. But these days quilters who shop at Lisa Steele's store and others around the country are finding that their hobby has become more expensive, thanks to a "perfect storm" of events in the global cotton industry that have pushed fabric prices up to anywhere from $10.50 to $12.99 per yard.

Retailers "knew it was coming," Steele said. "When we went to buy goods (at the spring market)...we were hit with tremendous prices." The sticker shock is the result of a number of seemingly isolated global events that led to the most significant spike in cotton futures since the Civil War, according to John Robinson, a Texas A&M University agricultural economics professor who runs a website on cotton marketing.  article continues here-->

We've held off raising our fabric prices as long as possible.  We are still at just $9.00 per yard for all of our fabulous designer fabric, which is a darn great price!

However, since we've been adding more and more wonderful fabrics to our inventory, the time has come to raise our fabric prices from $9.00 per yard to $10.00 per yard.

Ready for the good news?

1) You have until September 1st to purchase fabric at the current price of $9.00 per yard.  So now is the time to stock up on all the fabric you've been coveting.  Don't forget that we have some great holiday fabrics.

2) We are NOT going to have to raise the price of our napkins at any time in the foreseeable future.

Keep in mind that you can always get creative with our fabric scraps - which are quite a bargain!

Shop online for fabric at Picking Daisies
Shop online for holiday fabric at Picking Daisies

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