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

TikTokers Haneen Hossam, Mawada Aladhm: 10 and 6 Years Imprisonment for ‘Human Trafficking’

Egyptian Streets20 June 2021

End of the Line: Egypt Grapples with its Crumbling Rail System

Gregory Holyoke20 June 2021

‘Cairo Airport Pervert’ Sentenced to Three Years Imprisonment

Egyptian Streets18 June 2021

‘Cairo Airport Pervert’ Referred to Criminal Trial

Egyptian Streets16 June 2021
Women Hajj Kaaba

Women Can Now Register for Hajj Without Male Guardian

Nour Altoukhi16 June 2021

Suspects in Hate Crime Against Minya Coptic Christian Woman Sentenced to 5 Years in Prison

Egyptian Streets16 June 2021

Israel Launches New Gaza Airstrikes, Ceasefire at Risk

Egyptian Streets16 June 2021

Egypt’s Foreign Minister Heads to Qatar for First Time Following Reconciliation

Egyptian Streets14 June 2021