EGYPT: 5% Increase in the Local Yarn Mills Consumption - $278 Millions from Cotton Exportation Transactions in 13 Weeks
The consumption of local yarn mills increased during last March, with a 5.3% compared to February, rendering the total consumption of local yarn mills during this season, until the end of March; 88,101 tons; including 63,600 tons of local cottons with a 72% of the total consumption and 18,000 of imported cottons with…
Egytex News Desk
Egytex
A report of the Information Centre of the Cotton Arbitration and Testing General Organization (CATGO) said that a decrease in the international production of super soft cottons is expected, with a 20% to be 604,000 tons during 2008/2009 season. This is mainly because of the decrease in the prices of the super soft cottons and the increase of the prices of Alabanda Cotton. Eng. Tharwat El Meniawy, the CATGO's president, said that total transactions of the Egyptian cotton exportation have increased to 2.7 million quintal, with a total value of $278 millions, to 29 countries topped by India with 33%, within 31 weeks since the beginning of the exportation season.
Source: El-Alam Al- Yom Newspaper
From the Egytex news archive, first published on 18 May 2008. Figures and names are as reported at the time.
