{"id":573730,"date":"2020-08-16T04:05:10","date_gmt":"2020-08-16T04:05:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/"},"modified":"2020-08-16T04:05:10","modified_gmt":"2020-08-16T04:05:10","slug":"new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/","title":{"rendered":"New cotton trading system for 2020-2021 to rely on public auctions for pricing"},"content":{"rendered":"

The government will implement a new cotton trading system in four governorates \u2014 Fayoum, Beni Sueif, Beheira, and Sharqia \u2014 for the 2020-2021 season that will rely on a public auction mechanism for the sale of the crop, according to a cabinet statement<\/a>. The private sector will be permitted to participate in the auctions, which will set the market price. Under the new system, the sales will be restricted to government-designated collection centers, and farmers will be required to directly submit their hauls to the nearest collection centers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government will implement a new cotton trading system in four governorates \u2014 Fayoum, Beni Sueif, Beheira, and Sharqia \u2014 for the 2020-2021 season that will rely on a public auction mechanism for the sale of the crop, according to a cabinet statement. The private sector will be permitted to participate in the auctions, which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,317,72,153,79],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573730","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","tag-hisham-tawfik","tag-public-enterprises-ministry","wpautop","entry"],"acf":{"mongo_id":"b78c816d-20e5-4214-af2a-62bc8fe99a67","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573707],"teaser":"","voice_url":""},"yoast_head":"\nNew cotton trading system for 2020-2021 to rely on public auctions for pricing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New cotton trading system for 2020-2021 to rely on public auctions for pricing\" \/>\n<meta property=\"og:description\" content=\"The government will implement a new cotton trading system in four governorates \u2014 Fayoum, Beni Sueif, Beheira, and Sharqia \u2014 for the 2020-2021 season that will rely on a public auction mechanism for the sale of the crop, according to a cabinet statement. The private sector will be permitted to participate in the auctions, which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-16T04:05:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"New cotton trading system for 2020-2021 to rely on public auctions for pricing\",\"datePublished\":\"2020-08-16T04:05:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"commodities\",\"EnterpriseAM\",\"Hisham Tawfik\",\"Public Enterprises Ministry\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/\",\"name\":\"New cotton trading system for 2020-2021 to rely on public auctions for pricing - 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Sales will be restricted to government-designated collection centers where farmers go to directly auction their crops.\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597469,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/fayoum-beni-suef-to-experiment-with-auction-mechanism-for-egypts-short-staple-cotton-crops\/","url_meta":{"origin":573730,"position":1},"title":"Fayoum, Beni Suef to experiment with auction mechanism for Egypt\u2019s short staple cotton crops","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575302,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/","url_meta":{"origin":573730,"position":2},"title":"Private sector buys 40k qintars of cotton under new auction system","author":"enterpriseam admin","date":"11 October 2020","format":false,"excerpt":"Private-sector companies bought nearly 40k qintars of cotton since the launch of the state\u2019s new auction-based cotton trading system, which began on 15 September and will end on 15 December, cabinet said in a statement. Companies from the private sector won all auctions held in Fayoum, Beni Suef, Beheira, and\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596361,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/new-cotton-auction-system-draws-criticism-from-bidding-companies-for-high-prices\/","url_meta":{"origin":573730,"position":3},"title":"New cotton auction system draws criticism from bidding companies for high prices","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"Private companies refused to participate in the first cotton auction held under a new mechanism yesterday, complaining that the opening price of EGP 2.1k per qintar was too high, the Public Enterprises Ministry said in a statement picked up by the local press. The new public auction system is being\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593435,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/new-cotton-auction-system-to-be-mandatory-for-private-sector\/","url_meta":{"origin":573730,"position":4},"title":"New cotton auction system to be mandatory for private sector","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"Private companies will be forced to participate in a new cotton auctioning mechanism that could be rolled out nationwide for the 2020\/2021 harvest season, head of state-owned Cotton and Textile Industries Holding Company Ahmed Moustafa said, according to Masrawy. The public auction system was trialed in Fayoum and Beni Suef\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575607,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/egypts-farmers-call-for-cotton-subsidies-as-low-prices-bite\/","url_meta":{"origin":573730,"position":5},"title":"Egypt\u2019s farmers call for cotton subsidies as low prices bite","author":"enterpriseam admin","date":"20 October 2020","format":false,"excerpt":"Cotton traders are demanding the government provide subsidies to farmers worth EGP 200-300 per qintar to offset the low prices created by the new public auction system, reports Al Mal. Member of the Egyptian Cotton Union Mahmoud Farouk said prices had been driven down to an average of EGP 1.8k\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=573730"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573730\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573707"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573730"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=573730"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=573730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}