Home / Knowledge / News / Textiles / Egyptian cotton exports take a hit as price declines
Egyptian cotton exports take a hit as price declines
18
Jan '14
The exports of cotton from Egypt have taken a hit due to a rise in local prices, owing to a drop in domestic cotton production and the lifting of an import ban, reports Ahram Online.
 
Since the beginning of the cotton marketing season in September 2013, Egypt has exported 17,028 tons of cotton, registering a fall of 45.3 percent compared to 31,137 tons of cotton exported in the corresponding period of previous season, Alexandria Cotton Exporters’ Association (Alcotexa) said.
 
In terms of value, cotton exports since September 2013 fetched US$ 62.1 million, compared to around $100 million earned during the same period of the previous year, Mefreh El-Beltagy, head of Alcotexa, said.
 
The top three destinations for Egyptian cotton exports were India, Switzerland and Germany, which imported 5,400 tons, 2,078 tons and 1,780 tons of cotton, respectively.
 
In 2012-13 cotton season ending August 31, 2013, Egypt exported cotton worth $215 million. Around 22.3 percent of the 300,000 tons of cotton produced in the previous season was exported at an average price of 194 cents/lb.
 
Around 90 percent of exported cotton was of Giza 86 variety, and the remaining 10 percent included Giza 92 and Giza 88 varieties.
 
However, production of cotton declined to 200,000 tons in the current marketing season due to lower cotton acreage, which led to an increase in domestic cotton prices.
 
Moreover, the Government has lifted the import ban imposed since the 2011 revolution, which has also contributed to increase in prices.
 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
April 2017

April 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



X