{"id":574403,"date":"2020-09-08T03:49:04","date_gmt":"2020-09-08T03:49:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/"},"modified":"2020-09-08T03:49:04","modified_gmt":"2020-09-08T03:49:04","slug":"private-sector-makes-bids-in-government-auction-of-2020-cotton-crop","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/","title":{"rendered":"Private sector makes bids in government auction of 2020 cotton crop"},"content":{"rendered":"

The private sector has for the first time in the modern era participated in the state\u2019s cotton crop auction sale on Sunday organized by state-owned Cotton and Textile Industries Holding Company, according to a cabinet statement<\/a>. Opening bids for the first auction-based pricing scheme<\/a> for this year\u2019s cotton harvest started at EGP 1.79k per quintar and closed at a final sale price of EGP 1.8k per quintar. This comes after last year\u2019s<\/a> auction saw private sector companies refusing to participate in the new bidding system after complaints that the opening auction price of EGP 2.1 k per quintar started too high.<\/p>\n","protected":false},"excerpt":{"rendered":"

The private sector has for the first time in the modern era participated in the state\u2019s cotton crop auction sale on Sunday organized by state-owned Cotton and Textile Industries Holding Company, according to a cabinet statement. Opening bids for the first auction-based pricing scheme for this year\u2019s cotton harvest started at EGP 1.79k per quintar […]<\/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":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574403","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"ede12ea0-a2fa-43cd-a564-e83080bc32aa","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574374],"teaser":"","voice_url":""},"yoast_head":"\nPrivate sector makes bids in government auction of 2020 cotton crop - 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\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private sector makes bids in government auction of 2020 cotton crop\" \/>\n<meta property=\"og:description\" content=\"The private sector has for the first time in the modern era participated in the state\u2019s cotton crop auction sale on Sunday organized by state-owned Cotton and Textile Industries Holding Company, according to a cabinet statement. Opening bids for the first auction-based pricing scheme for this year\u2019s cotton harvest started at EGP 1.79k per quintar […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-08T03:49:04+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Private sector makes bids in government auction of 2020 cotton crop\",\"datePublished\":\"2020-09-08T03:49:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/\"},\"wordCount\":113,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/\",\"name\":\"Private sector makes bids in government auction of 2020 cotton crop - 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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":574403,"position":1},"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":591582,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/egypt-gives-private-sector-first-call-at-cotton-bids-next-year\/","url_meta":{"origin":574403,"position":2},"title":"Egypt gives private sector first call at cotton bids next year","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"The government plans to have the private sector make the first bid for cotton in the coming season to attract increased private sector participation, Public Enterprises Minister Hisham Tawfik tells Masrawy. The government will also hand over organizing the new cotton auctioning mechanism to a new or existing company. The\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":574403,"position":3},"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":573730,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/new-cotton-trading-system-for-2020-2021-to-rely-on-public-auctions-for-pricing\/","url_meta":{"origin":574403,"position":4},"title":"New cotton trading system for 2020-2021 to rely on public auctions for pricing","author":"enterpriseam admin","date":"16 August 2020","format":false,"excerpt":"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\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":594656,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-cotton-exports-up-219-in-2q2019-amid-increased-production\/","url_meta":{"origin":574403,"position":5},"title":"Egypt\u2019s cotton exports up 219% in 2Q2019 amid increased production","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"Egypt\u2019s 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. 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