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Wednesday, 23 February 2011
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Cotton shortage means higher prices, alternative materials
In the 2010 growing season, major cotton-producing countries such as China and India, among others, were hit hard by environmental factors and left without their expected cotton crop for the year. As of Feb. 11, world cotton market prices hit $1.90 per pound, a price twice as much as it was last year. "The last time prices were this high was around 100 years ago," said Marissa Zorola of the
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