News

Egypt’s Cotton Exports Increase by 63.9%

Egypt’s Cotton Exports Increase by 63.9%

An Egyptian cotton field

Egypt’s cotton exports jumped by 63.9 per cent during the first quarter of the planting season of 2016/17, the state’s official statistics agency said on Thursday.

In a statement, the Central Agency for Public Mobilisation and Statistics (CAPMAS) stated that Egypt’s cotton exports were 202,500 bales in the period from September-November compared to 123,600 bales in the same period the year before.

CAPMAS attributed the increase to the higher level of cotton stock available from the last season.

Egypt is famous for its extra-long and long-staple cotton, which are highly praised as the longer length of cotton fiber results in finer fabric. However, the extra-long and long-staple cotton are unsuitable for many textile operations as these rely on short- and medium-staple varieties.

A Reuters report published on Monday indicated that demand for Egyptian cotton has increased in light of the weakness of the pound after its flotation in November and a scandal over the alleged sale of falsely labelled Egyptian cotton.

The Cotton Egypt Association, which provides an official logo to suppliers of 100 percent Egyptian cotton, estimates that about 90 percent of global supplies of Egyptian cotton last year were fake.

Production has largely dropped since 2011, a year of political upheaval that coincided with looser regulations that degraded the quality of local cotton, Nabil al-Santaricy, head of the Alexandria Cotton Exporters Association, told Reuters.

This content is by Aswat Masriya

Russian Government Approves Egyptian-Russian Aviation Security Protocol
Nadia Abdou Becomes Egypt's First Ever Female Governor

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’s Al Ahly Seals Its 12th Title at the African Volleyball Championship

Egyptian StreetsMarch 28, 2017

Israel Urges its citizens to immediately leave Egypt’s Sinai, Warns of IS

Egyptian StreetsMarch 27, 2017

VoxEra: Egyptian Innovation Eliminates Voice Roaming Charges

Engy AdhamMarch 27, 2017

Skware One: New Platform to Celebrate Art and Design Culture in Egypt

Aya NaderMarch 27, 2017

Court Sentences 57 Defendants in Rashid Boat Case

Egyptian StreetsMarch 27, 2017

British Petroleum Makes Third Gas Discovery in Egypt’s North Damietta Concession

Aya NaderMarch 27, 2017

35-Year-Old Man Rapes Baby Girl After Taking Off Her Diaper

Aya NaderMarch 26, 2017

Egypt Achieves Two Medals at the Special Olympics World Winter Games 2017

Egyptian StreetsMarch 26, 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 ES Media UG. All Rights Reserved.