About 1.2 million quintals of cotton were sold for EGP 6 billion in Egypt in the 2021 season under the new trading system out of the total cotton production of 1.4 million quintals in 14 governorates, according to the country’s ministry of the public enterprises sector. Several cotton trading companies from the private sector participated in the process.
The new system began experimentally in 2019 in Fayoum and Beni Suef, and then in Beheira and Sharqeya in 2020, and was expanded this year across the entire country.
The quantity of cotton sold through the system in Fayoum increased to 54,900 quintals in 2021 compared to 22,200 quintals in 2020. The quantities sold in Beni Suef increased to about 22,000 quintals in 2021, compared to about 14,000 quintals in 2020, according to a report in an Egyptian newspaper.
Kafr El-Sheikh governorate had the highest cotton selling rate through the system due to its increase in the areas cultivated with cotton.