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
Leaders target financial resilience at NCBA breakfast 2026
Financial inclusion in Kenya has made significant strides, yet industry leaders gathered at the NCBA Financial Inclusion Breakfast…
By
Kenya Power posts KSh24.99bn as revenue climbs 8.6% in FY2026
Kenya Power and Lighting Company PLC (Kenya Power) has reported a 2.1% increase in profit after tax to…
Standard Bank Namibia, NAMCOL partner on employee value banking
The Namibia College of Open Learning (NAMCOL) and Standard Bank Namibia have strengthened their strategic partnership through a…
KNCCI, Sidian Bank to boost SME and MSME financing
The Kenya National Chamber of Commerce and Industry (KNCCI) has engaged Sidian Bank in high-level discussions to strengthen…
Gallery
