Egyptian cotton exports increased during the third quarter of the agricultural season 2018-2019 to 510,200 metric quintals compared to 160,100 metric quintals during the corresponding period of the previous season, a rise of 218.8 percent owing to the increase of cotton production, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced.
Egyptian cotton exports reached 579,300 metric Kantar during the second quarter (Q2) of the agricultural season 2018/19 that starts from December 2018 and ends in February 2019, up from 379,700 metric Kantar during the same period of the previous season, an increase of 52.6%, according to Central Agency for Public Mobilization and Statistics (CAPMAS).
The CAPMAS explained in its 2019 quarterly bulletin of cotton that this increase is due to an increase in cotton production.
Egypt’s total cotton exports declined by 36.7 percent, falling to 128,300 quintals during the first quarter of the 2017-2018 agricultural season ending November compared to 202,500 quintals during the same period in the previous season. A quintal equals 45.02 kilograms, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The CAPMAS attributed this decline to decreasing area cultivated with cotton.
Egypt’s cotton exports in the fourth quarter of the agricultural season 2016/2017, from June-August 2017 dropped by 38.4 percent standing at 86,000 qantar (157.7kg), compared with around 140,000 qantar in the same period last year due to decline in the areas of cultivated cotton, as per CAPMAS, state statistics agency.
According to CAPMAS, India came as the top country importing Egyptian cotton, with almost 36,000 qantar, representing 41.5 percent of Egypt’s exports in the period between June and August 2017.
The total volume of Egyptian cotton exports witnessed increase during the second quarter of the 2014-15 agricultural season, to reach 246,000 metric quintals, growth by 94.3 percent year-on-year, compared to 126,600 metric quintals exported in the same period during the last season, according to a Central Agency for Public Mobilization and Statistics (CAPMAS).
Increase in export is attributed to the low Egyptian cotton prices due to the increased inventory of cotton since the previous season.
