Textile Industry News
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As Aleya Begum sewed pants for 11 hours each day, vibrations from a power generator shuddered across the roof of her Dhaka garment factory.
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Cotton demand in China, the largest user, may rebound this year, increasing imports and stemming a decline in prices, said Zhang Hongxia, president of Hong Kong- listed Weiqiao Textile Co.
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The cotton harvest in India, the second-biggest producer and shipper, may be less than forecast if monsoon rains last longer than normal, according to the Confederation of Indian Textile Industry. Futures advanced.
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Greece’s cotton harvest, Europe’s biggest, is set to slump 25 percent this year as farmers plant less of the fiber in favor of more profitable durum wheat and corn, according to a U.S. Department of Agriculture unit.
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Dressed in nothing but their lingerie and boxer shorts, more than 300 shoppers lined up outside the Desigual shop in the Soho neighborhood of New York City on Sept. 23, 2010, for a free outfit.
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Pickup trucks lined a stretch of gravel road where 150 farmers mingled between 7-foot tall cornstalks and shimmering soybeans to see which of their wealthy brethren would bid on a swath of Iowa’s richest cropland. This was a farm -- table-flat and 314 acres -- so coveted that it drew three times the usual land-sale crowd.
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As a pharmaceutical salesman in Greece for 17 years, Tilemachos Karachalios wore a suit, drove a company car and had an expense account. He now mops schools in Sweden, forced from his home by Greece’s economic crisis.
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When Suh Young Kyung joined the Bank of Korea in 1988, officials at the central bank told her to wear a schoolgirl’s outfit. She refused.
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Bangladesh’s government lacks the staff and the resources to oversee the country’s textile industry, which has grown at a pace that exceeded expectations, a government official said.
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Demand for cotton in China, the world’s largest buyer and grower, outstripped domestic production by 3.6 million metric tons in 2009-2010, widening a supply deficit, the China Cotton Association said today.
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