Egypt: Government Backtracks On Its Policy and Will Once Again Subsidize the Cotton Crop

  |   Attaché Report (GAIN)

Egypt’s recently revised government has backtracked on the policy of eliminating cotton subsidies to the sector and has allocated cash subsidies valued at LE 261.7 million ($33 million) to buy the MY2015/16 cotton crop. The government, through the Holding Company for Textile, Weaving and Spinning (HCTWS), will buy farmers’ medium and short staple cotton grown in Upper Egypt at LE 1,100 ($ 137.5) per qintar (or $28/bale), and the long and extra-long staple cotton grown in the Delta region at LE 1,250 ($156) per qintar (or $32/bale). 

Egypt: Government Backtracks On Its Policy and Will Once Again Subsidize the Cotton Crop 

 

Egypt, Near East
Cotton

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