Egyptian cotton production to reach 420k bales in FY2018-19, says US report

Egyptian cotton production is set to grow 40% y-o-y to 420k bales in FY2018-19, according to the latest report by the USDA’s Foreign Agricultural Service. The production increase, which will also see a rise in cotton exports while imports decrease marginally, follows “new policies to increase yields and improve quality, and high farm-gate prices,” which are “encouraging farmers to expand cotton area and increase production,” the report says.