Ministry: 136,000 quintals of cotton sold in 7 governorates ...Egypt

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Ministry: 136,000 quintals of cotton sold in 7 governorates
The Ministry of Public Business Sector announced that some 136,000 quintals of cotton were sold in auctions held on Thursday. In a statement released on Friday, the ministry said those actions were conducted in the governorates of Beheira, Kafr El-Sheikh, Sharqia, Gharbia, Dakahlia, Menoufia and Ismailia. The highest selling price per quintal was EGP 7,785 in Kafr El-Sheikh governorate. The new system guarantees fair prices for farmers, as cotton selling is implemented through auction, and the pricing policy is in line with global cotton prices. The post Ministry: 136,000 quintals of cotton sold in 7 governorates appeared first on Egypt Independent.

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