T-shirts and jeans may get more expensive as cotton prices hit 10-year high
CNN
Cotton prices jumped to fresh 10-year highs on Tuesday, joining a long list of booming commodities and raw materials.
Cotton futures climbed 4% to nearly $1.09, the highest level since September 2011. The commodity is up 22% in the past two weeks alone.
The cotton spike could eventually be passed along to consumers in the form of higher prices on jeans, T-shirts and other clothing.
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