{"id":575302,"date":"2020-10-11T04:12:36","date_gmt":"2020-10-11T04:12:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/"},"modified":"2020-10-11T04:12:36","modified_gmt":"2020-10-11T04:12:36","slug":"private-sector-buys-40k-qintars-of-cotton-under-new-auction-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/","title":{"rendered":"Private sector buys 40k qintars of cotton under new auction system"},"content":{"rendered":"

Private-sector companies bought nearly 40k qintars of cotton since the launch of the state\u2019s new auction-based cotton trading system<\/a>, which began on 15 September and will end on 15 December, cabinet said in a statement<\/a>. Companies from the private sector won all auctions held in Fayoum, Beni Suef, Beheira, and Sharqia since early September. The average selling price for the crops was EGP 1,805 per qintar in Beni Suef and Sharqia and EGP 2,050 in Fayoum.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Sharqia since early September. The […]<\/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":[97,2416,317,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575302","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-agriculture","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"e82d2b97-6673-4601-bed0-904b8ead265e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575271],"teaser":"","voice_url":""},"yoast_head":"\nPrivate sector buys 40k qintars of cotton under new auction system - 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\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private sector buys 40k qintars of cotton under new auction system\" \/>\n<meta property=\"og:description\" content=\"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 Sharqia since early September. The […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-11T04:12:36+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\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Private sector buys 40k qintars of cotton under new auction system\",\"datePublished\":\"2020-10-11T04:12:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"agriculture\",\"Basic Materials + Commodities\",\"commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\",\"name\":\"Private sector buys 40k qintars of cotton under new auction system - 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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":[]},{"id":574685,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/beheira-and-sharqia-to-hold-cotton-auctions-until-15-december-2020\/","url_meta":{"origin":575302,"position":1},"title":"Beheira and Sharqia to hold cotton auctions until 15 December 2020","author":"enterpriseam admin","date":"17 September 2020","format":false,"excerpt":"A new cotton trading system was rolled out in Beheira and Sharqia on Tuesday, with public auctions due to be held across the two governorates until mid-December, the Public Enterprises Ministry in a statement. 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":593435,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/new-cotton-auction-system-to-be-mandatory-for-private-sector\/","url_meta":{"origin":575302,"position":2},"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":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":575302,"position":3},"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":591582,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/egypt-gives-private-sector-first-call-at-cotton-bids-next-year\/","url_meta":{"origin":575302,"position":4},"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. 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