BEIJING, Sept 1- A nearly two-month series of daily auctions from China's huge cotton reserves has drawn to a close, selling only a fraction of fiber offered due to high pricing and a slowing economy. Beijing had been under pressure to release stocks to recover part of the cost accrued building a stockpile of around 11 million tonnes of cotton under a...» Read More
As cotton prices surge, companies are trying harder to duplicate the feel of the commodity with cheaper, durable fabrics.
The fabric of our lives may start to feel like burlap.
Apparel makers aren't the only ones stitching together a plan to deal with rising cotton costs. Hotel chains, including some of the world's biggest brands, are looking to pass costs on to customers as soaring commodity prices hit the bottom line.