EGYPT: 449 Million USD for Export contracts of the Egyptian Cotton.
The total contracts 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 week twenty-seventh reached 2 million,205 thousand and 370 kantars of cotton to meet the needs of 29 countries from around the world, and the…
Egytex News Desk
Source: Al Youm Al Sabaa Newspaper
Eng. Mahmoud EL Bagoury( Chairman of the Board of Directors of the Cotton Arbitration and Testing General Organization, CATGO )in Alexandria, has confirmed on Tuesday that contract prices of the Egyptian cotton specially "Giza 86" increases up to 275 cents / lb with an increase of 113 cents / lb compared to the prices in the beginning of the season.
He pointed out that the amount of cotton which was shipped through the Egyptian ports to the international markets since the beginning of the export season and so far the amount reached about 972 thousand and 580 kantars of cotton from the various items by 44.10% of the total export consignments.
He pointed out that India occupies the first place among the list of Contracting States to import Egyptian cotton for the current season by 26.97% of total transactions, followed by China with 19%, Switzerland 11.52%.
Source: Al Youm Al Sabaa Newspaper
From the Egytex news archive, first published on 16 March 2011. Figures and names are as reported at the time.
