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Egyptian cotton exports hike

YarnsandFibers News Bureau 2019-05-27 15:45:00 – Egypt

Egyptian cotton exports reached 579,300 metric Kantar during the second quarter (Q2) of the agricultural season 2018/19 that starts from December 2018 and ends in February 2019, up from 379,700 metric Kantar during the same period of the previous season, an increase of 52.6%, according to Central Agency for Public Mobilization and Statistics (CAPMAS).

The CAPMAS explained in its 2019 quarterly bulletin of cotton that this increase is due to an increase in cotton production.

It also stated that the total amount of domestic consumed cotton reached 36,600 metric Kantar during Q2 of the agricultural season 2018/19, down from 47,200 metric Kantar in the same period of the previous season, a decline of 22.5% due to the fact that some spinning factories stopped working.

Furthermore, the CAPMAS disclosed that the amount of ginned cotton reached 1.5m metric kantar during the period from December 2018 to February 2019, compared to 0.8m metric Kantar in the same period of the previous season, an increase of 80.1%.

The agency explained that this increase is due to the decrease in sold ginned quantities during the same period.

Courtesy: Daily News

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