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Monday, 28 February 2011

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Cotton crisis sends prices soaring

  • Monday, 28 February 2011
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  • HACKENSACK, N.J. -- Price surges in cotton and other fabrics have retailers and manufacturers feeling stretched, and facing a tough choice: Pass higher costs along to their customers or absorb them, thus cutting into profit margins. So far, consumers haven't really felt the impact of cotton prices that have jumped more than 130 percent in a year to the highest prices per pound since the Civil



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