March 29, 2012

 

Egypt removes all cotton import ban

 

 

Egypt's government has removed the ban on cotton imports from all origins.

 

The import ban was originally imposed in October 2011 due to threatened mass protests by farmers concerned with low cotton prices.

 

Lifting the ban comes after most of the locally produced cotton has been marketed.

While the import ban was relaxed in November 2011 to permit certain imports, US upland cotton exports were still severely restricted as were most Greek cotton exports.

 

US upland cotton exports to Egypt totalled over US$45 million in MY 2010/2011, but virtually zero so far this Market Year.

 

This import ban had a strong impact on the local textile industry, which requires imported short/medium staple cotton for many of their products.