World cotton prices increased by 30%, which is a record since 2011. The reason is the abnormal heat and drought. Cotton is imported by India, which is the world leader in this field.
According to Bloomberg, Brazil is the second-largest exporter of cotton (17%), the first was America (33%). This season, US cotton production is down 28%. Brazil is facing a 30% drop in crop volume. Because of the drought, 200 thousand tons of cotton stocks went bad.
Recall that Russians were warned of a sharp rise in the price of clothing and footwear - for cotton products and knitwear it will rise by 20-30%. The Ministry of Industry and Trade explained this by inflated inflation expectations.