Home / Knowledge / News / Textiles / New Egyptian govt set to allow cotton imports
New Egyptian govt set to allow cotton imports
28
Jun '12
The new Government being formed in Egypt under President Mohammed Mursi is set to allow cotton imports.
 
In October 2011, Egypt had banned cotton imports so that the domestic spinning industry utilizes the local supplies, instead of using imported cotton. Subsequently, however, the Government lifted the ban in March this year, but had not granted any import permits so far.
 
The new Government is likely to grant cotton import permits to domestic spinners, who are facing a shortage in local supplies.
 
The US Department of Agriculture’s Cairo bureau expects the cotton imports to surge by 77 percent to 530,000 bales in the 2012-13 marketing year that begins in August.
 
The imports will help Egypt offset the more than 40 percent decline in cotton production to 430,000 bales, said to be the lowest in about half-a-century.
 
On the other hand, the demand for cotton from downstream yarn, fabric and garment industries is expected to rise due to a relatively better economic environment, after the end of political turmoil witnessed in Egypt since January 2011.
 
Egypt’s cotton, especially the Giza 88 variety, which constitutes about 20 percent of total Egyptian cotton production, is much sought after in international markets as it is considered to be producing the best-quality fabric.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search