Home / Knowledge / News / Textiles / Economic instability impacts Egypt's cotton sales
Economic instability impacts Egypt's cotton sales
26
Oct '12
Egypt’s cotton exports for March-May 2012 decreased by 26.8 percent from last year’s corresponding period’s exports of 317 tons to 232 tons, according to a quarterly report released by the Central Agency for Public Mobility and Statistics (CAMPAS), the official statistical agency of Egypt that collects, processes, analyzes, and disseminates all statistical data.
 
Domestic cotton consumption during the period under review also declined from March-May 2011’s 577 tons to 353 tons, a fall of 39 percent.
 
CAMPAS attributed the fall in domestic consumption to waning production capacity of spinning plants, which it said is mainly instigated by ongoing economic uncertainty.
 
The report held the decline in global prices to be responsible for fall in domestic cotton prices.
 
Alongside, domestic and overseas sales, Egypt’s cotton imports also declined during the period. 
 
The country imported 2.3 tons of cotton during March-May 2012, which is 89.9 percent lesser than 21.8 tons of cotton imported by it during the same period of 2011.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search