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Egyptian cotton witness increase in its exports by 94.3pc annually

Related Keywords: agricultural season, CAPMAS, decrease in cotton import, during second quarter, Egyptian cotton exports, increased inventory, low Egyptian cotton prices, witnessed increase

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.

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