Egyptian government raises cotton subsidy to encourage domestic industries and farmers

Related Keywords: cotton, Economy, Egypt, farmer, SMEs, spinning company, Subsidies, Textile Industry

Egypt
Egyptian government raises cotton subsidy to encourage domestic industries and f
Summary: 
Egypt's economic ministers takes a move to encourage domestic industries to purchase Egyptian cotton as well as support local farmers by giving approval to raise the subsidy for spinning companies (Private and state-run) to purchase abundant Egyptian cotton to become LE350 per quintal instead of LE200 ahead of harvest season in September. This was announced the ministry of, industry, trade and Small and Medium Enterprises (SMEs) in a statement on Tuesday.

Egypt's economic ministers takes a move to encourage domestic industries to purchase Egyptian cotton as well as support local farmers by giving approval to raise the subsidy for spinning companies (Private and state-run) to purchase abundant Egyptian cotton to become LE350 per quintal instead of LE200 ahead of harvest season in September. This was announced the ministry of, industry, trade and Small and Medium Enterprises (SMEs) in a statement on Tuesday.
 

http://english.ahram.org.eg/NewsContent/3/12/106856/Business/Economy/Egypts-government-raises-Egyptian-cotton-subsidy.aspx
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