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FinancialNews
03-09-19
218 percent surge in Egyptian cotton exports
(MENAFN) Central Agency for Public Mobilization and Statistics (CAPMAS) revealed Egypt to have registered a 218 percent jump in its exports of cotton during the third quarter of the farming season 2018-19.
During the period, CAPMAS announced, Egypt exported 51,000 tonnes of cotton compared to the 16,000 tonnes exported in the previous season.
CAPMAS further explained that this boost in cotton exports were attributed to a surge witnessed in production.
Meanwhile, domestic consumption of cotton reached 3.9 tonnes from 3.8 tonnes to mark a minor decline on annual basis.
MENAFN0309201900450000ID1098957067
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