Cotton Prices Safe Despite Low OK Crops
Filed by Michael Cross in Feature, Local News, News.
August 24, 2011
The Oklahoma retail industry is keeping a close eye on the cotton crops after news of low quality from state farmers.
Officials with the Oklahoma Retail Association say despite a report showing only 14% of Oklahoma cotton is considered fair or better the price of clothing should rise too high.
Director Matt Robison says fortunately the rest of the county is producing good crops.
“We’ve been in a tremendous drought here in Oklahoma. Other states have not been hit as hard as Oklahoma is concerned with regard to fabric accessibility throughout the nation. These clothes are being made all over the planet.”
A report earlier this week showed nationwide the percentage of fair or better cotton was down from 89% to 60%, but some states had near 100% favorable crops.
Robison says his biggest concern in the price of clothing is actually rising energy costs.
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