The decree limits cotton trading to specified collection points. Farmers are allowed to get the highest possible price through auctions, and the prices will be set according to international cotton prices and the comparative advantage of Egyptian cotton. The decree also links all the collection points electronically to ensure transparency, with a consideration for applying the new system through new collection points in some governorates as a pilot version to avoid any problems in the future.
Cotton production system will be improved and its uses diversified in the domestic industry. The new system is expected to restore the position of Egyptian cotton globally and maintain confidence in it. Egypt is keen on developing and supporting the textile sector as well as planting and selling Egyptian cotton. The country plans to restore the status of Egyptian cotton globally. Funds have been allocated to maximise the added value of Egyptian cotton as part of a plan to improve this sector. Between September and November 2018, Egyptian cotton exports increased 45.1 per cent compared to the same period of 2017.
Egyptian cotton is recognized as the most recognized luxury cotton brand in the USA and globally. People who are able to name a cotton brand cite Egyptian cotton.
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