Fayoum, Beni Suef to experiment with auction mechanism for Egypt’s short staple cotton crops

The government will begin using public auctions on a trial basis in Fayoum and Beni Suef to sell local short staple cotton to bidding companies in the coming harvest season, which begins in September, government sources told the press.The auction mechanism could be standardized starting the 2020-2021 harvest if it proves successful.