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 Bans 21 News Websites, including Al-Jazeera, on Claims of ‘Supporting Terrorism’

Engy AdhamMay 24, 2017

Rights Lawyer Khaled Ali Released on Bail Pending Trial

Engy AdhamMay 24, 2017

Rights Lawyer and Former Presidential Candidate Khaled Ali Held Overnight Pending Investigations

Egyptian StreetsMay 23, 2017

Egyptian Authorities Demolish Ras Sudr Kiteloop Camp, Other Attractions For ‘Violating State Property’

Egyptian StreetsMay 23, 2017

ISIS Claims Responsibility For Manchester Arena Attack

Egyptian StreetsMay 23, 2017

19 Killed in ‘Explosions’ at Ariana Grande Concert in UK

Egyptian StreetsMay 23, 2017

Canadian Minister to Contribute to the Egyptian Educational System

Egyptian StreetsMay 22, 2017

Cannes Festival: Egypt Scores Majority of Awards of the ‘Arab Critics Awards’

Egyptian StreetsMay 22, 2017
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.