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Feeling the Impact of Climbing Cotton Prices - Flagstaff Business & Online News | Northern Arizona Local Newspaper
“It was a perfect storm,” explained Hal Majors, director of purchasing at Drury Hotels. “Cotton mills in Pakistan and India began hording to drive up the price of cotton. Then an atypical monsoon season flooded Pakistani mills. There was no rise in demand until the flooding issues in 2010. Add to that the rising costs …