Under the new pricing scheme, a medium-staple quintal of cotton in Upper Egypt will be set at LE 10,000, while a long-staple quintal in Lower Egypt will be priced at LE 12,000
The president was also briefed on the possibility of investing lands owned by the Ministry of Public Enterprise.
The world celebrates the International Day of Rural Women on October 15 of each year, which was set by the United Nations General Assembly in 2007.
Three new cotton varieties were developed and registered, while Giza 98 variety is underway, bringing the productivity from 8 to 10 quintals per feddan.
Egypt exports 90 percent of its produce annually with India being the top exporter followed by China and Bangladesh.
The amount of cotton production amounted to 2.3 million quintals in 2021, marking an increase of 33.3 percent on a year on year (YoY) basis.
Receiving old money that is torn, dirty and tattered is very possible when getting exchange after a purchase.
The ministry noted that more of the crop could be grown but the ministry has set a maximum.
The experience took place in New Valley's Sharq Al Owaynat.
The president statements' came during the inauguration of new Aswan’s Urea and Ammonia Plant.
Egypt increased the cultivated area this year to reach 236,000 feddans. It is the same harvested area in 2019.
Cotton worldwide used to be colored but a mutation occurred turning the specie into white, Mosaad explained.
The government is also working on another large textile enterprise.
In a statement, the ministry said Minister of Public Business Sector Hisham Tawfiq closely followed up the progress of the project to establish the gins in the cities of Zagazig, Kafr El Zayyat and Kafr El Dawwar.
He also ordered the government to establish national factories that produce high-quality cotton products at affordable prices for citizens.
The Ministry of Agriculture and Land Reclamation declared Monday that the initiative will be introduced in Damietta and Kafr Al Sheikh governorates.
CAIRO, April 12 (MENA) - Minister of the Public Business Sector Hesham Tawfiq said on Sunday that a plan was in the pipeline in coordination with the agriculture and trade ministries to develop Egypt's cotton industry. The minister made the remarks at
He said that the developed gin in Fayyoum and other new gins would produce pure cotton with special standards to help improve the price of exported cotton.
In a statement, the cabinet media center said it contacted the Ministry of Public Business Sector which denied the news.
CAPMAS said India is the largest importer of Egyptian cotton.