Casablanca, (ADV) : Egyptian cotton production is on course to rebound with help from a devalued currency and bigger cultivation area.
Cotton exports are expected to reach about 52,000 tonnes in the 2017/2018 season that ends in August, up nearly 37 percent from the previous year, Nabil al-Santaricy, head of the Alexandria Cotton Exporters Association, told Reuters.
“Next year we expect to yield approximately 120,000 tonnes overall, so we expect exports to rise by approximately 40-45 percent if we export around 75,000 tonnes,” he said.
Egypt’s agricultural season starts in early September and lasts until the end of August the following year.
© Bur-csa – ADV