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).
The increase in exports is attributed to the low Egyptian cotton prices due to the increased inventory of cotton since the previous season. The total quantity consumption of local cotton increased by 115.5 percent to reach 175,800 metric quintals during the period from December 2014 to February 2015, compared to 81,600 metric quintals in the same period of the previous season. The increase is due to decrease imported cotton.
CAPMAS data reveals, the amount of ginned cotton increased by 26.2 percent to reach 1.3million metric quintals during the period from December 2014 to February 2015, compared to one million metric quintals in the same period in the previous season. During the second quarter of the 2014-2015 agricultural season, the amount of composting cotton increased by 37 percent to reach one million metric quintals compared to 0.7 million metric quintals the previous period due to the rise in cotton exports.
