The total amount of cotton exports from Egypt increased by 77.7 per cent compared to the same period of the previous year, in the fourth quarter of 2015-16 agricultural year, the Central Agency for Public Mobilisation and Statistics (CAPMAS) has reported. Egypt exported 139,900 metric kantar of cotton during June/August 2016 compared to 78,800 metric kantar last year.
In a statement, CAPMAS said the increase was due to low price of Egyptian cotton in international market compared to other countries’ and the low volume of cotton exports in the same quarter of previous year. The statement also said India was the largest importer of Egyptian cotton buying 61.7 per cent of the total cotton exports totaling 86,300 metric kantar.
The total consumer volume of domestic cotton was 117,800 metric kantar during the Q4 of 2016, compared to 109,700 metric kantar in Q$ of previous year, a 7.4 per cent increase. The amount of cotton that had been compressed from June to August was 21,600 metric kantar, compared to 38,400 metric kantar for the same period in the previous season, a decline of 43.8 per cent.