Related Keywords: cheaper imported cotton, cotton prices, cultivate cotton less, Egyptian cotton farmer, ending subsidies, high cultivation cost, long staple variety, low local and international demand, white gold
The Egyptian government has long given subsidies to cotton producers to make up for the gap between the high price of Egyptian raw cotton and the final price of products, which can be less than total production costs. Last week Adel Al-Beltagui, minister of agriculture and land reclamation, informed that the government will not be paying a cash subsidy of LE1,400 per feddan to cotton producers as it did last year. As, high cultivation costs, together with low local and international demand for Egyptian cotton, particularly the long-staple variety, were the main reasons behind the decision.
