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
Dangote Cement Unveils New State-of-the-Art Cassava Processing Plant in Ogun
Dangote Cement Plc has commissioned a modern cassava processing plant in Ogun State as part of its commitment…
By
Hennie Nel Takes Helm as SanlamAllianz new CEO
SanlamAllianz has announced the appointment of Hennie Nel as its next Chief Executive Officer, marking a significant leadership…
Norrenberger Pensions hires Afolabi Folayan as new MD & CEO
Norrenberger Pensions has announced the appointment of Afolabi Folayan as the new Managing Director and Chief Executive Officer…
NEF calls for inclusive funding to unlock growth for SMEs
The National Empowerment Fund (NEF) has urged for a more accessible and responsive funding ecosystem in South Africa,…
Gallery
