The size of agricultural lands cultivated with cotton fell this season by 36.8% compared to last year to about 193,000 feddans, local press reported, citing Agriculture Ministry officials. The fall is due to weather conditions and low selling prices last season which discouraged farmers from growing the crop.
More from Enterprise
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
The diagnosis lands in a year when UAE and Saudi…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…