EGYPT: Cotton exports decline by 36.7%: CAPMAS
EGYPT: Cotton exports decline by 36.7%: CAPMAS

EGYPT: Cotton exports decline by 36.7%: CAPMAS

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The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that total cotton exports fell to 128.3 thousand quintals during the first quarter of the 2017-2018 agricultural season, compared to 202.5 thousand metric quintals during the same period of the previous season, thus recording a decline of 36.7 percent.

The CAPMAS attributed this decline to decreasing area cultivated with cotton.

CAPMAS added in its quarterly bulletin on cotton for the year 2017-2018 that the total quantity of cotton consumed domestically has reached 44.5 thousand quintals during the period (September / November 2017) compared to 107,000 quintals in the same period of the previous season, declining by 58.4 percent, as some cotton mills stopped production.

The quantity of treated cotton rose to 515.9 thousand metric quintals during the same mentioned period, compared to 263.8 thousand quintals during the same period of the previous season, recording an increase of 95.5 percent. This increase is due to the accumulation of the crop from the previous season, according to CAPMAS report.

Edited translation from Al-Masry Al-Youm

Πηγή: egyptindependent.com

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