NEW YORK, Nov 17- The senior head of Louis Dreyfus Commodities BV's cotton business has left his role with plans to move to another unit of the global trade house, a spokeswoman said on Tuesday. Anthony Tancredi, senior head of the global cotton unit, has stepped down and Joe Nicosia, head of global merchandising, is "looking after" the cotton business, the spokeswoman...» Read More
CNBC’s analytics team compiled a list of the 10 best-performing commodities in the CRB index so far this year, based on the closing prices on March 29, 2011.
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.