Egyptian Cabinet sets fixed cotton prices for the 2024/2025 season

The Egyptian cabinet issued a decision to establish a fixed price for the supply of cotton in the upcoming season of 2024/2025. The move aims to support Egyptian farmers and ensure stability in the cotton industry.

 

Under the new pricing scheme, a medium-staple quintal of cotton in Upper Egypt will be set at LE 10,000, while a long-staple quintal in Lower Egypt will be priced at LE 12,000. This measure is expected to provide farmers with a reliable income and encourage them to continue cultivating cotton.

 

The decision to set guaranteed prices for cotton is part of the Egyptian government's broader efforts to support the agricultural sector and safeguard the interests of farmers. By ensuring reasonable compensation for their produce, the government aims to improve the livelihoods of farmers and promote sustainable agricultural practices.