Your T-shirts might be getting more expensive. Cotton prices are the highest they’ve been in a decade.
Cotton futures are trading at their highest price in about a decade, with growing Chinese demand being met in part by rising U.S. exports to China, a curiosity of Trump-era trade-war policies.
Most-active U.S. cotton futures trading on the Intercontinental Exchange closed Monday up 0.4% at $1.05 a pound, keeping prices at their highest level since September 2011. Prices have risen 18% higher over the past 10 sessions. Higher clothing prices could eventually follow.
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