Cotton price has surged to a 10-year high, reaching $1.16 per pond, the highest since 2011.
The price increase occured as demand for textiles experienced a rebound from the global financial crisis.
The price of a cotton T-shirt has risen from $1.50 to $2, making consumers to feel the impact. This has also dug into company profits.
Analysts believe the current price increase is not likely to damage the industry as companies will be able to pass along the increased costs without destroying consumer demands.
