EGYPT: 298 Million USD Total Expected Contracts to import Egyptian Cotton.
The total contracts that has been signed on the export of Egyptian cotton to international markets since the beginning of the export season for cotton 2010/2011 until the end of the twelfth week are 10 million and 663 thousand and 250 kantars with a percentage increase of 228% when comparing to the previous season…
Egytex News Desk
Source: AL Youm AL Sabaa Newspaper
The chairman of the Cotton Arbitration and Testing General Organization, CATGO,Dr. Mahmoud El-Bagoury said yesterday that the number of contracting countries on the import of Egyptian cotton has risen to 25 after entering Slovenia to the list of imported countries of the Egyptian cotton, pointing out that India is ranked the first with percentage total contracts 27.36% of the total transactions, followed by Switzerland at 18.59% and China 14.5%.
Dr. El-Bagoury has confirmed that the total amount of cotton that have been delivered since the beginning of the season, reached 156 thousand and 621 kantars of which 46 thousand and 697 kantars of cotton crop earlier seasons and 109 thousand, 924 kantars of the crop this season. The public enterprise sector received 48.52% of the total deliveries and 51.48% was received by the private sector.
Source: AL Youm AL Sabaa Newspaper
From the Egytex news archive, first published on 2 December 2010. Figures and names are as reported at the time.
