Cotton is one of the world’s most diversely used fibres. All manner of textile products, from clothing and home furnishings to medical supplies and even coffee filters, contain cotton as their dominant material. In the art world, cotton is found primarily in fine art papers and canvas.
Until late last year, the cotton supply and global demand had been roughly the same for approximately 8 years, resulting in stable prices. However, during the 2010/11 harvest, bad weather affected crops around the world. Worst hit were the major producers of cotton – China suffered drought conditions and south Asia experienced devastating floods. The result was severely reduced crops, a dramatic reduction in the global cotton supply, and the price of cotton nearly quadrupling....Read more