The prices have been set at EGP 10,000 for a medium-staple quintal in Upper Egypt and EGP 12,000 for a long-staple quintal in Lower EgyptThe Egyptian cabinet has agreed to set a guaranteed price for the supply of cotton in the next season 2024/2025, as per a statement.
The prices have been set at EGP 10,000 for a medium-staple quintal in Upper Egypt and EGP 12,000 for a long-staple quintal in Lower Egypt.
This decision comes within the framework of the state’s efforts to support the Egyptian farmer.
During the 2023 harvest season, Egypt’s production of long-staple cotton declined by 32% to 85,000 tons, compared to 125,000 tons last year.
Source : Zawya
