Comment on Flashback to 1870 as Cotton Hits Peak .

Flashback to 1870 as Cotton Hits Peak .

Cotton prices touched their highest level since Reconstruction on Friday, as a string of bad harvests and demand from China spark worries of a global shortfall. The sudden surge in prices—cotton has risen as much as 56% in three months—has alarmed manufacturers and retailers, who worry they may be forced to pass on higher costs to recession-weary consumers.

 

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