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Despite the Russian war on Ukraine and its negative repercussions on global trade, Egypt succeeded in exporting 50,000 tons, or up to 75%, of its cotton production this season.
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2020: Egypt suffers loss in cotton business By: Click to explore our newest AI enabled Analytics. Share
The 2020 pandemic saw demand for Egyptian cotton fall due to cancellation of shipments, both for domestic and global markets. The Egyptian government took a number of steps to revive the cotton industry. A report.
Challenges
1. Export Drop
According to the Egyptian Cotton Exporters Association (ECEA), Egyptian cotton exports suddenly dropped between March 2020 and July 2020 due to disruptions from the spread of COVID-19 pandemic. India is Egypt s main cotton market. But the shipments of some 10,000 metric tonnes (MT) of cotton have been cancelled with reduced capacity of spinning mills in India. Demand for textiles and cotton products have declined both domestically and internationally