In an unexpected turn of events, the political unrest in Egypt, centering on the much maligned presidency of Hosni Mubarak, is set to see the cost of cotton soar, resulting in a price hike of many of your favourite items of clothing.
The price of cotton has already skyrocketed over the past few months as a result of floods in India and Pakistan, as well as an increased demand for the commodity in China.
And never to miss a trick, stock traders have been quick to react, with the price of cotton futures going through the roof.
The Egyptian uprising is the latest and possibly most significant blow in a long line of factors to influence the global cotton market, with Egypt being the world’s largest fine cotton producer.
The major clothing retailers are already warning consumers to expect the prices of clothing in their forthcoming spring catalogues to rise this year, as the depleted cotton supply will be in high demand.
It will be interesting to see just how rising cotton prices will affect the purchasing habits of consumers. It is anticipated that many will simply make the move towards cheaper, alternative materials.
Fortunately, the high prices are only expected to be temporary. With it currently being mid-season for cotton crops, weather permitting there should be a bumper crop produced this year, allowing the mills to begin to lower their prices.
Here at The GF Store, we do all we can to keep the price of printed and embroidered clothing low. Buy your high quality, low cost, embroidered clothing from us and represent your brand, society or club in the most cost effective way.