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Egyptian cotton production is on track to rebound with the help of a devalued currency and a larger crop area, after a drop in exports of the world-famous crop caused by a drop in quality since 2011
are expected to reach about 52,000 tons during the 2017/2018 season that ends in August, nearly 37% more than the previous year, told Reuters Nabil al-Santaricy, director of the Association of Cotton Exporters of Alexandria. Exports are expected to increase by about 120 000 tonnes overall, so exports are expected to increase by around 40 to 45% if we export around 75 000 tonnes, "he said. .
But the demand for the Egyptian product, known locally as "white gold", has increased since the rules for ensuring quality have been strictly imposed again since 2016.
L & # Egypt is the second largest According to the president of Modern Nile Cotton, the largest Egyptian cotton trading company, Ahmed Elbosaty, president of Modern Nile Cotton, exporter of long-staple cotton, mainly used to make luxury linen , behind the United States. "The quality is back and the quantity is increasing," he said.
The Ministry of Agriculture boosted the cropping area in 2018/2019 to increase exports from Egypt, where sunny skies and high quality seeds produce a cotton with exceptionally long fibers used to make lightweight and durable fabrics with shine and softness.
Egypt planted 336,000 feddans (141,120 hectares) of long-staple cotton in 2018, compared with 220,000 feddans (92,400 hectares) in 2017, spokesman for the ministry said this week
] Cotton cultivation could grow further as authorities urge farmers to avoid intensive water crops, such as rice, to prevent shortages. the Nile, considered the life line of Egypt
Egyptian cotton was further boosted by the devaluation of the pound in 2016, which lost nearly half of its value against the dollar, making more competitive exports globally. in pure Egyptian cotton following a scandal in 2016 in which Indian textile maker Welspun India has misplaced some of its cheap papers as premium Egyptian cotton products, thereby chasing some US buyers
imputed it to a "complex supply chain".
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