Hoarding, Lawsuits And Monster Losses: Here's What Happened The Last Time Cotton Prices Surged
Tuesday, 6 March 2012
India announced an unexpected ban on cotton exports yesterday driving up prices.
The last time prices surged, falling demand wasn't the only consequence.
After supply disruptions started in 2010, cotton prices exploded from $0.70 to about $2.25 per pound last year. And a bit of chaos ensued.
Here's some of what...
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