The cotton industry may never be same.
 
With cotton prices plunging from record highs—above $2 per pound last year to approximately $1 a pound in recent months—textile operators hope the roller coaster ride is over.
 
Despite a few glitches like China and India recently raising their cotton prices between 3%-4%, costs appear to be relatively stable. Last year’s price hikes were driven by a variety of factors, ranging from floods in Pakistan to export quotas. The excessive costs slammed the brakes on demand for cotton. These trends forced laundry operators to seek alternatives—especially in ...