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FINANCIAL NEWS
Egypt to double production of its silky soft cotton export
09 Jul 2017
(MENAFN) Egypt plans to double production of its famous export, the silky soft cotton, known as white gold, after a period of slumping output.
Accordingly, production should increase to 160kg in the 2017/18 fiscal years that started in July from 700.000 gintar in 2016.
However, production of the cotton, utilized in luxury bedding, has declined since 2011, a year of political upheaval that accorded with looser regulations.
Additionally, the country’s sunny skies and superior seed support it increase cotton known for unusually long fibers that generate a light durable fabric.
MENAFN0907201700450000ID1095607965
MENAFN0907201700450000ID1095607965
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