News

Egypt Suspends All Cotton Imports to Protect Local Market

Egypt Suspends All Cotton Imports to Protect Local Market

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)

Egypt’s ministry of agriculture has halted the import of cotton “to protect local produce” and “resolve problems related to marketing it,” the ministry’s spokesman said on Tuesday.

The decision is temporary, spokesman Yehia Qadh told Aswat Masriya. He nevertheless did not say when the decision will be suspended.

Cargoes shipped before July 4 will be excluded from the decision.

The decision comes shortly 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.

Locally produced cotton is not being properly marketed due to competition it faces from imported cottons, said Amin Khair Allah, an official at the Industry and Trade Ministry’s internal cotton trade committee. Khair Allah noted an increase in the production volume of local cotton.

Cotton cultivation is expected to span 260 thousand acres this year, according to an Agriculture Ministry report issued in March.

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

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 in May.

(reporting by Mohamed Gad)

Muslim-American Community Raises Funds To Rebuild Burned Black Churches In The US
Journalists Gravely Concerned About Egyptian Anti-Terrorism Law Pending Presidential Approval

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

Sprinting for Gold: Hemida Wins Big in Oran, and Makes History

Egyptian Streets2 July 2022

Egypt to Introduce Apple Pay and Samsung Pay: Central Bank of Egypt

Mona Abdou29 June 2022

World Bank to Provide Egypt with $500 Million to Boost Food Security

Farah Rafik29 June 2022

Egypt Triumphs to Historic Table Tennis Gold

Shereif Barakat28 June 2022

Death Sentence for Egyptian Man Who Killed Nayera Ashraf for ‘Rejecting Him’

Marina Makary28 June 2022

Missing News Anchor Shaima Jamal’s Body Found Buried Under Mansouria Villa

Mona Abdou28 June 2022

Egypt-Qatar Summit: Newly Reconciled Countries Committed to Furthering Cooperation

Eleonora Christo Vostanis26 June 2022

UN Concludes Palestinian Journalist Shireen Shireen Abu Akleh Killed by Israeli Forces

Egyptian Streets25 June 2022