To ease your site search, article categories are at bottom of page.

May 06, 2009

Egypt's cotton production to fall as farmers diversify

Egypt’s cotton production may plunge 17 percent in the year that begins in August as farmers grow more profitable crops such as corn and rice, the U.S. Department of Agriculture’s Foreign Agricultural Service said.

Output will drop to 400,000 bales from a revised 483,000 bales in the current marketing year, according to a report prepared by Julio Maldonado and Sherif Sherif and posted on the USDA Web site on May 1. Farmers will harvest 110,000 hectares (271,815 acres), down from 133,000 hectares, the report said.

Exports in the season ending July 31 will tumble 84 percent to 100,000 bales from a year earlier as the global recession hurts demand from the textile industry, Maldonado and Sherif said. Competition from shorter staple cotton also will reduce demand for Egypt’s extra-long staple fiber, which is stronger and softer, they said. Shipments probably will rebound next year to about 150,000 bales, according to the report.

The North African nation is expected to import 420,000 bales this year, up 7.7 percent from a year earlier, Maldonado and Sherif said. Imports in the new crop year will reach 450,000 bales, they said.

Cotton futures for July delivery were little changed today at 57.22 cents a pound on ICE Futures U.S. in New York. The price has declined 18 percent in the past year as global consumption dwindled.

Bloomberg

Article Categories

AGRA agribusiness agrochemicals agroforestry aid Algeria aloe vera Angola aquaculture banana barley beans beef bees Benin biodiesel biodiversity biof biofuel biosafety biotechnology Botswana Brazil Burkina Faso Burundi CAADP Cameroon capacity building cashew cassava cattle Central African Republic cereals certification CGIAR Chad China CIMMYT climate change cocoa coffee COMESA commercial farming Congo Republic conservation agriculture cotton cow pea dairy desertification development disease diversification DRCongo drought ECOWAS Egypt Equatorial Guinea Ethiopia EU EUREPGAP events/meetings expo exports fa fair trade FAO fertilizer finance fisheries floods flowers food security fruit Gabon Gambia gender issues Ghana GM crops grain green revolution groundnuts Guinea Bissau Guinea Conakry HIV/AIDS honey hoodia horticulture hydroponics ICIPE ICRAF ICRISAT IFAD IITA imports India infrastructure innovation inputs investment irrigation Ivory Coast jatropha kenaf keny Kenya khat land deals land management land reform Lesotho Liberia Libya livestock macadamia Madagascar maiz maize Malawi Mali mango marijuana markets Mauritania Mauritius mechanization millet Morocco Mozambique mushroom Namibia NEPAD Niger Nigeria organic agriculture palm oil pastoralism pea pest control pesticides pineapple plantain policy issues potato poultry processing productivity Project pyrethrum rai rain reforestation research rice rivers rubber Rwanda SADC Sao Tome and Principe seed seeds Senegal sesame Seychelles shea butter Sierra Leone sisal soil erosion soil fertility Somalia sorghum South Africa South Sudan Southern Africa spices standards subsidies Sudan sugar sugar cane sustainable farming Swaziland sweet potato Tanzania tariffs tea tef tobacco Togo tomato trade training Tunisia Uganda UNCTAD urban farming value addition value-addition vanilla vegetables water management weeds West Africa wheat World Bank WTO yam Zambia Zanzibar zero tillage Zimbabwe

  © 2007 Africa News Network design by Ourblogtemplates.com

Back to TOP