News

Egypt’s Cotton Exports ‘Increase By 94 Percent’

Egypt’s Cotton Exports ‘Increase By 94 Percent’

An Egyptian farmer collects the cotton harvest at a farm in al-Massara village near the Nile delta city of Mansura, north of Cairo. (Photo: AFP - Khaled Desouki)
An Egyptian farmer collects the cotton harvest at a farm in al-Massara village near the Nile delta city of Mansura, north of Cairo. (Photo: AFP – Khaled Desouki)

Total Egyptian cotton exports rose by 94.3 percent year on year, in the period from December 2014 to February 2015, the national statistics agency reported on Monday.

The Central Agency for Public Mobilisation and Statistics said in a statement that the increase is the result of a dip in cotton prices because of excess cotton from last season.

Local consumption of cotton rose by 115.5 percent in the second agricultural quarter, compared to the same period in the previous year.

This rise in cotton consumption and export rates comes after the Egyptian government lifted cotton subsidies completely at the beginning of 2015. The subsidy cost the government $550 million in the last season it was applied.

Egypt has long been famous for its unique long staple cotton, especially under the British colonial rule.

The government said it lifted the subsidy because cotton planting and especially that of long staple “is very expensive” and is no longer as demanded as it was in the past, whether on local or international markets.

Egypt Arrests Female 'Dancer' For 'Inciting Immorality' in Music Video
Policeman Sentenced to Life in Prison for Raping Mentally Ill Teenager in Egypt

Subscribe to our newsletter


News
@AswatMasriya_En

Aswat Masriya is a Thomson Reuters Foundation-sponsored website that covers Egypt's transition to democracy. en.aswatmasriya.com

More in News

Egypt Records 912 COVID-19 Cases, 89 Deaths

Egyptian StreetsJuly 12, 2020

Legendary Egyptian Dancer Mahmoud Reda Dies Aged 89

Egyptian StreetsJuly 10, 2020

Egypt Passes Law Concealing Identity of Sexual Harassment, Assault and Rape Victims

Egyptian StreetsJuly 9, 2020

Ethiopia to Start Filling GERD in July: PM

Egyptian StreetsJuly 8, 2020

Accused Sexual Predator Ahmed Zaki Confesses to Blackmail, Intimidation: Egyptian Public Prosecution

Egyptian StreetsJuly 7, 2020

Egypt’s Minister for Military Production Mohamed El-Assar Dies at 74

Egyptian StreetsJuly 7, 2020

Multiple Egyptian Women File Official Complaints Against Accused Rapist Ahmed Bassam Zaki

Egyptian StreetsJuly 6, 2020

Al Azhar Encourages Victims of Assault to Speak Up, Report

Egyptian StreetsJuly 5, 2020