The Egyptian Government Protects Cotton Farmers' Economic Interests And Temporarily Forbids The Import Of Cotton.
In order to protect cotton farmers in China
Economics
Interest and production enthusiasm, the Egyptian government announced on the 27 day temporarily prohibit the import of cotton, while increasing the allocation of funds to help local cotton buyers to buy local cotton?
According to 28 reports, the current international cotton price is 1500 pounds per pack (160 kilograms) 1500 pounds (1 U.S. dollars or 5.97 pounds), while the cotton sales of local cotton farmers quoted 1700 pounds, because the price of cotton in Egypt is higher than the international price.
cotton
Would the manufacturers prefer to import more cotton instead of the local cotton produced in Egypt?
Besides,
Egypt
The government also decided to allocate 50 million pounds to support local Cotton Corp's acquisition of local cotton.
Egypt's long staple cotton is known all over the world. According to the relevant agencies, the estimated cotton output this year is 3 million 700 thousand packs, of which about 2 million packages are for export, so it is still necessary to import cotton to meet domestic demand.
market
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