Egypt: 145 million dollars in cotton exports since the beginning of the 2022/2021 season

Published Dec 27, 2021

Tridge summary

During the 12th week of the 2022/2021 export season, Egypt saw a significant increase in cotton exports, with about 120 tons of felt cotton exported, bringing the total to 27.8 thousand tons and a value of $145.1 million. The highest price achieved for 'Giza 94' cotton was about 4,500 pounds per quintal. The export season has seen 14 countries importing Egyptian cotton, with a total of 1.250 million quintals produced for the 2021 crop. Despite an expected decrease in quantity due to high prices, the value of exports is anticipated to increase compared to the previous season. The internal trading system has seen a price increase of approximately 3,600 pounds per quintal over the last season, with the government implementing an auction system for cotton purchase from farmers in 14 governorates for the first time in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the 12th week of the current export season (2022/2021), Egyptian cotton export contracts recorded about 120 tons of felt cotton - the cotton after sifting and removing the seed from it - bringing the total of export contracts since the beginning of the export season in October until now to 27.8 thousand tons of cotton , equivalent to 556,000 kantars, with a value of $145.1 million, according to Mohamed El-Garhy, head of the Cotton Exporters Union. Al-Garhy revealed to Al-Mal that the contracts for the 12th week of the current export season came through the “Al-Majd” and “Al-Hasnouni” companies. The highest price so far, while “Giza 94” recorded about 260 cents a lira, equivalent to about 4,500 pounds per quintal. Read also the prices of white chicks today, Wednesday 22-12-2021 Egypt’s production of cotton for the 2021 crop, whose production is currently being contracted to export, is close to 1.250 million quintals of flowers. Cotton with its seed before sifting and turning ...

Source: Almalnews