The Central Agency for Public Mobilisation and Statistics (CAPMAS) says, Egyptian cotton exports increased by 218.8 per cent to 510,200 metric quintals during the third quarter of the agricultural season 2018-2019 from the corresponding period of the previous season.
In the quarterly bulletin of cotton for the third quarter of the agricultural season 2018/19, the consumption of local cotton reached 38,000 metric quintals compared to 39,200 metric quintals during the same period of the preceding year registering a decrease of 3 percent, because some spinning mills ceased production.
The total quantity of cotton ginned equaled 382,600 metric quintals during the above-mentioned period, compared to 47,700 metric quintals during the previous period, an increase of 701.8 percent thanks to the cotton production increase.
Egyptian cotton production is on course to rebound with help from a devalued currency and bigger cultivation area, recovering from a slide in exports of the world-famous crop since 2011 that was caused by a drop in quality.
