Data released by the Central Agency for Public Mobilisation and Statistics (CAPMAS) shows, Egypt's cotton exports nearly doubled on a Y-o-Y basis in August 2021, with India importing the largest amount of Egyptian cotton.
By the end of last year's crop season, which ended in August 2021, Egypt’s cotton exports increased by 101.5 per cent to 1.7 million kantars from 874,000 kantars in the same period the year prior.
A rise in local production boosted Egypt’s cotton exports during the year. Production increased 33 per cent to 2.3 million kantars in 2021, an increase of around 33 percent compared to a year prior.
Around 87 per cent of Egypt’s cotton exports were imported by India, around 1.5 million kantars, according to CAPMAS.
Recently, Egypt has introduced a new auction system that allows farmers to sell their crops in line with international prices to boost production and revive the once-flourishing industry.
