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.

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