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Cotton and tobacco prices collapsed in 1920 following overproduction and the boll weevil pest wiped out the sea island cotton ... The average price was $0.58 per pound.
As a result, prices for first quality cotton in New Orleans fell from a high of $0.32 per pound in January 1818 to $0.25 per pound in January 1819 and $0.16 per pound in January 1820, where it would stay for decades. [4] Given the $0.15 per pound production cost, this would reduce per acre profits by over 90%.
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Due to the non-industrialized product, naturally colored cottons yield less per acre, but growers are paid higher prices for their harvest. In 1993, colored cotton prices ranged from $3.60 to $4.50 per pound compared to conventional white cotton at $0.60 to $0.90 per pound. [7]
Clothing makers plan to raise prices in 2011 as they struggle to absorb the impact of soaring cotton costs, The Wall Street Journal reported. It cites companies including Hanesbrands, Jones Group.
According to the ICAC, even though the United States may be the leading exporter of cotton, the cost of production is significantly higher than that of other countries. [9] The average cost of production of a pound of cotton is $0.80 per pound in comparison to $0.35 in the West African country of Benin. [9]
The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
The dynamic price of cotton plays a large role in this important economic product. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...