Inflation Comes For Your Closet: Cotton Prices Hit Decade High Amid Global Deficit

Assessment: March cotton futures in New York rose as much as 2% to $1.26 per pound, the highest since June 2011. Prices are up for the seventh straight quarter, the longest streak since 1959 … The global fashion industry is on the rebound as BMO Capital boosted Under Armour’s rating to Outperform from Sector Perform. Fashion retailers breathe a sigh of relief as demand picks up but comes at a high price for consumers. This year,