Seeking Balance in Export and Domestic Quotas

摘要

The cotton market has been highly exposed to instabilvolatility during the last several years. This has led to numerous distortions in supply and demand for most of the cotton varieties in the world, including extra-long staple, long staple and middlestaple. Some countries took protective measures by offering financial support and other actions to maintain their share of cotton exports in the international market and to encourage its consumption during the global recession that the world has passedthrough, especially in 2008/2009, including the EU, East Asia, U.S., and others. Egyptian cotton has been facing many problems during the last ten years, starting from the fluctuation in the planted area from 307,059 hectares in 2001/02 to 132,818 hectares in 2008/2009 to 220,702 hectares in 2011/12. There has been volatility in prices offered by producers, as well as the selling price for the output of local spinning mills and subsequently in the export market.