Rising Cotton Prices
Food prices aren't the only ones that are rising. After hearing that cotton had risen 130% in the last 15 months, I went looking for an article about it.
This one blames Chinese demand while poor weather hurt their domestic crop and worldwide production is down.
From this second article... "We feel the surge in cotton prices has not trickled down the supply chain to retail store shelves just yet," he said, adding the pain in retail stores should begin to be felt in the second quarter of 2011."