according to Ian Hardin, a textiles professor at the University of Georgia College of Family and Consumer Sciences, who is quoted in the Athens (Ga.) Banner-Herald. The article notes, “The world’s supply shrunk this year as top cotton-producing countries like China and Pakistan suffered devastating droughts. And India, another top producer, capped its cotton exports.”
The political turmoil in Egypt, a leading producer of cotton, has exacerbated the shortage.
Virgin and recycled PET prices are rising as a result.