Thursday, October 28, 2010

Cotton Prices Increase Nov 1st

Auer Agency | Charlotte, NC | 704.236.0568 |

Increased cotton and other raw materials costs have prompted industry suppliers Gildan, Hanes, Port & Company and Jerzees to announce price increases. These increases will range from 5% on basic t-shirts to 10% on sport shirts and fleece. These prices will be effective Monday, Nov. 1.
Cotton prices are at record highs and we believe there will be more price increases in the coming months.  Our vendors monitor yarn costs and supply daily and don’t see an end to rising costs in the next few months. It is truly an unprecedented time in global manufacturing and sourcing.

See chart for a snapshot on cotton pricing that illustrates what is driving these price increases. The more knowledge we all have, the better we will be at working with our clients during this period of rising costs. We appreciate your continued support.

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