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Textile mills scramble for synthetics amid energy crisis
Memphis AP reports the U S textile industry faces fiber shortages as energy limits curtail synthetic production. Dan River Mills and others seek fiber through gray markets, raising questions about future prices and supply while cotton use rises as a hedge. Department of Agriculture notes an 18 percent rise in planned cotton plantings to 14.8 million acres.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Ben ‘Tipton
Dan
Greenville
Tipton
Dan River
Department of Agriculture