Posted on 04/23/2008 10:08:13 PM PDT by fishhound
ood prices have shot up in response to a surge in crop prices. Now consumers should get ready for clothes prices to follow suit.
Garment makers are seeing demand shrink as consumers in the US and Europe are cutting back on spending.
US cotton consumption is set to fall 6.5% from last year to less than a million tonnes whilst EU consumption is expected to fall 11% to about 460,000 tonnes, the Economist Intelligence Unit (EIU) predicts.
At the same time, they are hit by more expensive raw materials and by soaring oil prices, which make their factories more expensive to operate and which pushes up the cost of shipping to foreign markets.
In India, the weaving industry is in crisis. In China, the textile sector is squeezed.
And, yet again, the root cause of their problems can be found in America.
Hey Jorn.....SCR*W YOU.
Bush’s Fault
Women and Minorities hardest hit.
I’m a size 3 or 4X depending on the manufacturer, suit size 62, and I rarely spend more than $10 on a shirt or $20 on a pair of slacks or jeans. And no, I have never bought clothes second-hand or from a thrift store. This guy is nuts!
price of burkas and other sheet clothes going up burkas
LOL.
But he still wants his biofeul at all costs.
should read
price of burkas and other sheet clothes going up
okay, demand goes down, so prices go UP. Adam Smith must be spinning in his grave. I can’t help but think something besides the law of supply and demand is at work with all these crazy prices. I don’t want to get all tinfoil-hattish, but the more stories like this keep popping up, the squirrelier it seems.
Soros??
I will stick with supply and demand. But is odd how much inertia this has in the stories.
Egyptian cotton farmers could be making a bundle or did thier gov’t make them grow biomass for feul...?
tomrrows headline
the end of cheap FR is here!
The sky is falling!
Only Hussein von Gore can save us!
I have drastically cut down on my ood consumption.
What’s an ood?
Inflation. Money “creation” by government.
omg
frugality is a virtue.
oh. o.k. its just common sense.
So this guy is predicting that a reduction in demand will lead to higher prices? I don’t think so.
If demand is fall, price could rise if supply decreases by a greater amount. But that does not seem to be what this guy is saying?
Looks like there’s a letter missing from your post, I suspect an F, take a look. No harm,no foul. 8-)
With all this global warming goin’ on, we don’t need no steenking clothes. How much is a nice (big) fig leaf nowadays?
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