Environmental factors damaging production and increased demand from countries such as China have been cited as causing the price of cotton to hit $2 a pound for the first time, but Antoshak explained that multiple other factors contributed to raise the price to the current rate. "Of course there's demand for cotton from the textile and supply chain ... but then there's also the oil and seed businesses, the foodstuffs business [and] the food additives business that also pull on cotton product and create additional pressures on the price of cotton," he said.
- Companies:
- SanMar Corporation
- People:
- Robert Antoshak
Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.