T-Shirts And Jeans May Get More Expensive As Cotton Prices Hit 10-Year High

Cotton prices jumped to fresh 10-year highs on Tuesday, joining a long list of booming commodities and raw materials. Cotton futures climbed 4% to nearly $1.09, the highest level since September 2011. The commodity is up 22% in the past two weeks alone. The cotton spike could eventually be passed along to consumers in the form of higher prices on jeans, T-shirts and other clothing. Consumer prices on apparel were already on the rise and the rally in cotton futures could drive prices even higher. Read more at CNN Business.