Tailors smart as wool prices double

This from The Financial Times -- please follow link to read entire article.
-------------------------------------------------------------

Tailors smart as wool prices double

By Claer Barrett and Jack Farchy

Published: June 5 2011 22:33 | Last updated: June 5 2011 22:33

Flooding and droughts in Australia are set to make the suit, the global uniform of executives and politicians, 10 per cent dearer as wool prices have doubled in the past year to a record high.

In Australia, the world’s largest producer, benchmark prices hit a high of $14.85 a kilo last week, having doubled over the past 12 months in US dollar terms.

The sharp cost increases are working their way through the global supply chain, causing men’s outfitters around the world to plan price rises.

Bernd Hake, UK managing director of Hugo Boss, which has 450 stores across Europe, said: “If the wool price remains on this level we will readjust our prices”.
-----------------------------------------------------------------------

Now, I wonder what all the suit wearing global climate change deniers will say about this? Or do all the deniers have their suits payed for by the various corporations they represent?