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Wednesday, 11 May 2016

Gov’t sets price for local cotton, corn crops

The Egyptian government will pay EGP 1,250 per qintar (160 kg) for its cotton, a slight dip from the EGP 1,300 offered last year and EGP 2,100 per tonne for yellow corn, Reuters reported. “The agriculture ministry said the cabinet had approved a price of [EGP 1,250] for the Giza 86 and Giza 87 varieties and [EGP 1,100] for the Giza 90 and Giza 91 types produced in the 2016 season.” Reuters adds that the US Department of Agriculture projects Egypt will produce 395k bales of cotton in FY2016-17, up 23% y-o-y. (Read)

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