Image

Cotton exports increases by 6.9% in Egypt

The Central Agency for Public Mobilisation and Statistics (CAPMAS) has disclosed that cotton export for the third quarter (Q3) of March and May for the agricultural season 2017/2018, saw an increase of 6.9%.

According to CAPMAS, the amount of the exported cotton during the period from March to May 2018 reached 160.100 versus 149.700 meter qintars (MQ) for the same period of the previous season.

The bulletin affirmed that the total amount of consumed domestic cotton reached 39.200 MQ in the Q3 of the agricultural season 2017/2018 versus 93.000 MQ for the same period of the previous season with a decrease of 57.9%.

CAPMAS further explained that this decline is due to the trend of spinning factories that use imported cotton.

The statistics agency finally added that the amount of ginned cotton reached 47.700 MQ during the period from March to May 2018 versus 55.800 MQ for the same period of the previous season, with a decrease of 14.4%.

Remarkably, Egypt is the world’s second largest exporter of long-staple cotton, used mainly to produce luxury linens, behind the United States.

Related Posts

Genesis Energy,Desert Tech. announce clean energy alliance

Genesis Energy Holding, a Pan-African leader in clean energy infrastructure, and Desert Technologies Industries Factory CJSC, a Saudi-based…

Mouka reaffirms raw material leadership in Africa

Mouka, Nigeria’s leading manufacturer of quality sleep solutions and a proud member of the Dolidol International group, has…

Agboola advocates stronger cross-border infrastructure

Flutterwave CEO and Founder, Olugbenga “GB” Agboola , has called for accelerated investment in Africa’s cross-border payment infrastructure…

Munga increases stake in Equity Group by over $1.2m

Equity Group founder, Peter Munga, has made a strong return to the lender’s shareholder register, purchasing 3.64 million…

Nigerian Breweries gains N383bn revenue in Q1 2025

Nigerian Breweries Plc (NB) has posted a strong financial turnaround, recording a 69 per cent increase in net…

IHS Brazil expands Amazon coffee initiative

IHS Brazil has planted approximately 20,000 new seedlings across 10 hectares as part of its ongoing support for…

Maersk expands West Africa footprint with Senegal facility

In a bold move to strengthen its logistics footprint across West Africa, global shipping and logistics giant Maersk…

Ogunlesi leads BlackRock’s takeover of key Panama Canal ports

Nigerian mogul and the Founding Partner, Chairman, and Chief Executive Officer of Global Infrastructure Partners (GIP), Adebayo Ogunlesi,…

Kenya:Britam profit jumps 53.5% for fourth straight year

Britam Holdings posted a 53.5 percent jump in net profit to a record Sh5.03 billion ( over $38.9…

Leave a Reply

Your email address will not be published. Required fields are marked *