Egypt's 'white gold' continues to be in high demand across the world.
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed in a new report that Egypt's cotton exports increased by a mammoth 218.8% between March and May of 2019, in comparison to the prior year.
Attributed to an increase in production, exports during the period - the third quarter of the agricultural year - rose from 16,000 metric tonnes during the same period in 2018, to 51,000 this year.
Last July, the the Ministry of Agriculture announced a dramatic plan to increase cultivation, production and export of Egypt's 'white gold', dedicating an an additional 400,000 feddans by the end of 2019. The cotton industry contributes 26.4% of the gross industrial product, generating $7 billion a year in exports, according to Textile Today. Thought of as the finest in the world, Egyptian cotton has long been in high demand and consistently used for luxury products.
Photo courtesy of Khaled Desouki / AFP