--Clyde Russell is a Reuters columnist. Top importer China has scaled back purchases dramatically so far this year, at the same time as announcing massive sales from its state stockpiles, the largest in the world. The U.S. Department of Agriculture, probably the most-watched cotton forecaster, has raised its estimate for global cotton inventories and cut its...» Read More
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.