doodlebug Posted April 1, 2011 Report Share Posted April 1, 2011 our prayers have been answered!! San Francisco Chronicle 3/29/11 Number of the day : 127.5 million That's how many bales of cotton are expected to be produced by farmers in the next agricultural year, which starts in August. (One bale is enough to produce 215 pairs of jeans.) That would be an all-time high, and it's projected to far outstrip demand. As a result, cotton prices are plunging from the stratospheric heights they reached earlier this month. The commodity had been trading at its highest level since America was recovering from the Civil War. sweet! read the full article here: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/03/28/bloomberg1376-LIOD8H0D9L3501-2VSHTKEC9SEJK4R3UR174UFFC4.DTL Link to comment Share on other sites More sharing options...
Janette Posted April 1, 2011 Report Share Posted April 1, 2011 Yoo hoo !! great news, lets hope it filters its way down to consumers very soon. Link to comment Share on other sites More sharing options...
LinneaMarie Posted April 1, 2011 Report Share Posted April 1, 2011 SWEET is right!!!:P Link to comment Share on other sites More sharing options...
newmillie2010 Posted April 1, 2011 Report Share Posted April 1, 2011 does this mean that those increases in batting prices (just last month) or the increase in cost of fabric will be lowered? i think not ... once those prices are set and the consumer is paying them, seldom will they be lowered. especially in the area of fabric prices ... but then again, maybe these prices won't increase again for a while. i'm getting pretty used to paying $9 - $10 a yard for fabric, and yeah i know ... those in other countries are paying plenty more. just saying, once we start shelling out those $$$ it's hard for the company to go back to taking less. don't slam me, I love quilting and I'll continue to pay whatever it takes to build my stash for those rainy days when i'm lucky enough to retire! Just how long does this quality cotton stuff last, anyway??? LOL! Link to comment Share on other sites More sharing options...
CindyT Posted April 1, 2011 Report Share Posted April 1, 2011 After I read the title of your post I thought to myself that you were going to put APRIL FOOL'S when we read it, but you didn't! Link to comment Share on other sites More sharing options...
JustSewSimple Posted April 1, 2011 Report Share Posted April 1, 2011 IMHO, when the prices go up they stay up. I hope you are right! Link to comment Share on other sites More sharing options...
Janette Posted April 1, 2011 Report Share Posted April 1, 2011 Yes I reckon they will stay high too - unless consumers refuse to pay. supply and demand and all that !!! Link to comment Share on other sites More sharing options...
Katydids Posted April 1, 2011 Report Share Posted April 1, 2011 It'll be just like gas... once people will pay the price, they won't be lowering it! Link to comment Share on other sites More sharing options...
meg Posted April 2, 2011 Report Share Posted April 2, 2011 Cha Ching Batta Bing! Link to comment Share on other sites More sharing options...
Georgene Posted April 2, 2011 Report Share Posted April 2, 2011 Good news, but I do feel sorry for some of the farmers though. I read in the local news that many would be planting cotton this year instead of soy beans or corn. If they've already planted, I guess they won't reap the benefits projected. Link to comment Share on other sites More sharing options...
Sparkle Posted April 2, 2011 Report Share Posted April 2, 2011 I doubt they will go down even with this news. Although many of my quilting friends and myself included are not buying fabric as much as we used to. We are using our stashes instead. Which is what we should be doing in any case. I spotted some gorgeous Red Batik at our local fabric shop a few weeks ago. Really beautiful true Red is not easy to find in batiks. But, at 11.50 a yard---I passed. I like to buy 2 or 3 yds. of fabric at one time. Anything over 9.99 makes me cringe. Link to comment Share on other sites More sharing options...
GrandmaLKB Posted April 2, 2011 Report Share Posted April 2, 2011 My local quilt shop just sent an email newsletter apologizing that she has to raise her prices because fabric is costing her more. So, I doubt we will see any of the lower prices either. Link to comment Share on other sites More sharing options...
dickiesdarlin Posted April 2, 2011 Report Share Posted April 2, 2011 I doubt if prices will go down, they'll just say cost of oil for manufacture, gas, etc. are on the rise. Jeanne Link to comment Share on other sites More sharing options...
Guest Linda S Posted April 2, 2011 Report Share Posted April 2, 2011 Well, they've already printed a lot of the new fabric lines on the very pricey cotton, so, if the prices are to come down, it won't be for a while yet. It seems as though in the quilting world, what goes up, never comes down (unless you find a hell of a sale!). Link to comment Share on other sites More sharing options...
JustSewSimple Posted April 2, 2011 Report Share Posted April 2, 2011 What we can hope for is that one fabric company wants to make sure all their line is sold, they will lover the price just a bit and then others will follow until things are back to reasonable. $10 a yard is really not reasonable. I know everyone has to make a profit but they don't all have to make it on us. Link to comment Share on other sites More sharing options...
Farmland Quilter Posted April 3, 2011 Report Share Posted April 3, 2011 Those further down the pipeline make a killing and the farmer gets the shaft again. He planted in anticipation of a living wage. His input costs stay the same the cost to get it harvested will go up if oil goes up more. He's worked himself to death and for what. Because we just can't see ourselves living any other lifestyle. Link to comment Share on other sites More sharing options...
JustSewSimple Posted April 3, 2011 Report Share Posted April 3, 2011 We have successfully taken this good news and made it into a tear jerker! I am very happy cotton prices are going down! Link to comment Share on other sites More sharing options...
Gator Posted April 4, 2011 Report Share Posted April 4, 2011 Glad the prices are going down. I feel for the farmers. However, I bet the price for finished goods won't drop now that people are paying the high prices. This gives the retailers a hight profit margin to use on something else. The farmers loose out even more. I about fell off my stool when I saw my LQS raise the price of her fabrics to 11.98 yd, ouch! Link to comment Share on other sites More sharing options...
Ferret Posted April 4, 2011 Report Share Posted April 4, 2011 I'm betting prices will still be going up here The worst I've seen was a salesman with one range at 9GBP per m wholesale. That would come out at over 20 GBP retail! That would be about $29.50 per yard. Most of the fabrics coming in now should be retailing at about 13 GBP per meter, but the shops have been holding down the prices. I don't think you will find it is the retailers who are making the money, it's the wholesalers. Ferreet Link to comment Share on other sites More sharing options...
GrandmaLKB Posted April 4, 2011 Report Share Posted April 4, 2011 That's usually the way it works.............the farmers get very little, as do the retailers..........SOMEONE in the middle is getting all the profits. :mad: Link to comment Share on other sites More sharing options...
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