Cotton Exports in Egypt Decline by 36.7%
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the country’s cotton exports declined by 36.7 per cent, falling to 128,300 kantars during the first quarter of the 2017-2018 agricultural season ending November compared to 202,500 kantars during the same period in the previous season. A kantar equals 45.02 kilograms.
CAPMAS attributed the decline to decreasing area of cultivation, according to a report in an Egyptian newspaper.
The quantity of cotton consumed domestically has reached 44,500 kantars during that quarter compared to 107,000 kantars in the same period of the previous season, declining by 58.4 per cent, as some cotton mills stopped production.
The quantity of treated cotton, however, witnessed an increase of 95.5 per cent during the period due to the accumulation of the crop from the previous season, CAPMAS added.
Disclaimer: Echemi reserves the right of final explanation and revision for all the information.