Egypt’s cotton exports up 219% in 2Q2019 amid increased production

Egypt’s cotton exports increased 219% in 2Q2019 to 510.2k qintars from 160.1k qintars during the same period last year due to an increase in production, CAPMAS said in a report yesterday. Private companies refused to participate in the first cotton auction held under a new mechanism last month, complaining that the opening price of EGP 2.1k per qintar was too high.