NEW YORK, Jan 30- The arctic cold sweeping across the United States has caused rare winter power interruptions for U.S. spinning mills in North and South Carolina, including Frontier Spinning Mills, the second-largest yarn producer in the United States.» Read More
NEW YORK, Dec 27- Turkey has overtaken China as the biggest buyer of U.S. cotton, U.S. data showed on Friday, as Chinese buyers have boosted their purchases of lower-taxed yarn and cut back on buying raw cotton. Continuing a five-months-long trend since the Aug. 1 start of the 2013/ 14 crop marketing season, data for the week to Dec. 19 showed Turkey was the top buyer.
NEW YORK, Dec 19- American Securities LLC has bought a majority stake in Frontier Spinning Mills Holding Corp, the second-largest U.S. yarn producer, taking advantage of low energy costs and booming yarn exports to China.
*India cabinet could approve move on Thurs. NEW DELHI, Sept 12- India could slap a 10 percent duty on cotton exports as early as Thursday as it wants to boost overseas sales of value-added textiles to take advantage of a weak rupee and help reduce a yawning current account deficit, government sources and industry officials said.
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