Cotton prices have increased drastically due to a series of events in Asia. Three of the world’s top cotton producers reduced supply to the U.S. A drought in China damaged crops, India restricted exports to protect its domestic market and flooding in Pakistan made it worse. Florida’s 89.1 WUFT-FM reporter Denise Burgess spoke with University of Florida economist Dave Denslow about the issue.[audio:http://www.wuft.org/media/audio/FP; Cotton shortage wrap.mp3]
“Realistically, if they shut us down for three weeks, I could be bankrupt,” said Sueanne Kelsey, 51, a tattoo artist and nail technician who runs The Rare Bird Nail & Ink Studio in Hawthorne.