CAIRO: Cotton producing land is expected to hit 400,000 acres by the end of 2014, according to the Ministry of Agriculture’s Thursday statement.
75,000 acres of cotton are expected to be cultivated in the summer season of 2014 compared to 66,000 acres during the summer season of 2013, Services Sector Head at the Ministry of Agriculture Hamdy al-Assi told Youm7.
The Ministry of Agriculture provided cotton farmers nationwide with fertilizer and seeds good enough for 500,000 acres, said Assi.
Egypt’s cotton exports decreased by 43 percent during the first quarter of the 2013/2014 fiscal year, according to a statement by the Central Agency for Public Mobilization And Statistics (CAPMAS).
The hit is attributed to the price hike in Egyptian cotton brought up by a reduction in acreage, the statement added.
The ban on Cotton imports was in force after the January 25 Revolution, but in March 2013 the former Minister of Trade and Industry Hatem Saleh lifted the ban on cotton imports.
The lifting of the import ban has contributed to the decline in local production, hike in the price of cotton and a consequent reduction of cotton producing land, former head of the Cotton Research Institute Gaber Khalil told The Cairo Post.
“A kantar of cotton imported from Greece is worth 600 EGP, while a kantar of Egyptian cotton is worth 850 EGP,” said Khalil.