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.
CAPMAS) announced Monday that Egyptian cotton exports in the period between March and May 2019 reached 510,200 metric quintals
Madbouli stressed that the country shows a great interest in developing and supporting the textile sector as well as planting and selling the Egyptian cotton.
The Agency said in its quarterly newsletter for the first quarter of the 2018-2019 agricultural year that total consumption rates of domestic cotton reached 25,700 metric quintals.
Chairman of the Egyptian Cotton Exporters Association Nabil el-Santaricy expected exports of cotton "white gold" to increase to 1.3 million kantars.
He added that the governorate planted a total of 15,000 feddans of corn to be used as fodder.
Minister of Public Business Sector Hisham Tawfik discussed with Agriculture Minister Ezz El-Din Abou Steit on Thursday means to boost the spinning and weaving industry in Egypt and promote the cultivation of short stable cotton.
For the first two months of the monsoon season, rainfall was below average, according to India Meteorological Department (IMD) data.
Output fell drastically in 2011, when political upheaval meant regulations to maintain quality were not enforced.
The total area of cotton cultivation this season increased by 118,000 feddans on a year-on-year basis, recording about 334,621 feddans.
After years of being hit by a turbulent economy and one blow after the other, the state is focusing its efforts on putting the wind back into its cotton production’s sails.
The report revealed that Kafr el-Sheikh governorate came at the top of the governorates in terms of cultivating cotton with a land of 97,000 feddans.
CAPMAS said that total consumption rates of domestic cotton reached 47,200 metric kantars (one kantar is equal to 45.02 kilograms).
Minister of Public Business Sector reviewed with the board of the Cotton&Textile Industries Holding Company a restructuring blueprint for the corporation’s subsidiaries.
A clear map of textile industries in Egypt is needed to be able to perfectly determine gaps between supply and demand, Industry Minister Tarek Kabil said.