Egyptian cotton exported to 17 countries, prices drop
Egypt, Economics, 10/30/2004

Egyptian cotton export prices dropped last week (ended on October 21) compared to the previous week, said Salah Attar, Chairman of the Arbitration and Cotton Testing committee. He said Giza 70/88 extra long staple grades dropped to sell at 90.75 cents and 70.50 cents per pound, down by three and 3.25 cents respectively compared to the previous week.

Cotton export contract prices of long staple Giza 86 sold at 82.50 cents per pound from 83.5 cents per pound the previous week. He said in his weekly report the total amount of cotton hair export contracts during the fifth week of the export season (October 17 to 23) reached 53.620 metric kantars.

Total cotton export commitment since the beginning of the season until October 23, reached 283,770 metric kantars.

Export contacts for excellent long staple grades since the beginning of the season reached 129,620 kantars, or 45.68 per cent of the total export contracts, he said.

Export contracts for long staple reached 149,860 kantars or 52.81 per cent of the total contracts. He said Indonesia and Germany entered the market as importing countries for the first time this season to increase the number of countries buying Egyptian cotton to 17 countries so far.

India led the list of importing countries, contracting for the purchase of 23.89 per cent of the total contracts.

Switzerland ranked second while the UAE followed third.

Previous Stories:
  Rasheed Mohamed Rasheed: One million feddans dedicated to increase exports to $5 billions annually   (10/28/2004)
  Textile and Home Linen Council discusses export challenges   (10/16/2004)
  Egyptian-Turkish discussion on textile cooperation   (9/15/2004)

Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.

Search