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Tuesday, 9 May 2017

Cotton exports in season’s first 6 months exceed total exports of last season. reaches 33,000 tonnes

Contracted cotton exports in the first six months of this season reached 33,000 tonnes, exceeding last season’s total exports of 32,000 tonnes, Alexandria Cotton Exporters Association head Nabil El Santarisi said, Al Borsa reports. Exports are up 22% compared to the first six months of last year’s season thanks in part to government contracts for higher-quality shipments compared to last year, El Santarisi explained. The rest of the season is expected to see further increases in exports, he added. Some reports had suggested the cotton industry is already seeing a revival following the EGP float and because of the global crackdown on “fake” Egyptian cotton.

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