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Thursday, 25 August 2016

Egyptian cotton scandal in the US — and it’s India’s fault

There’s a brewing scandal in the US about Egyptian cotton — and it’s India’s fault, not ours. Major US retailers including Wal-Mart, Bed Bath & Beyond, Target and JCPenney are pulling “Egyptian cotton” sheets and other textile products off their shelves after suggestions that a major supplier hasn’t been selling them products made of Egyptian cotton, after all, the Wall Street Journal reports. The story takes the time to remind us that Egyptian cotton accounts for just 0.3% of the global market compared to India’s 27% and China’s 23% — and that annual output is shrinking. Bed Bath & Beyond has opened an investigation into the supplier, a company known as Welspun.

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