Related Keywords: cotton industry, cotton price, Egypt cotton export
Egyptian rising cotton prices at the local market this year, ensuing a decline in local production brought about by reduced acreage and the lifting of an import ban have hit the Egypt’s cotton exports due to which foreign importers have resorted for a 'hand-to-mouth' buying pattern.
Exports diminished to 17,028 tonnes since the beginning of the marketing season of the cash crop in September 2013, a drop of 45.3 percent compared with the 31,137 tonnes exported in the same period of the previous season.
