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Cotton trading committee witnesses first bid in Fayoum
10 September 2022  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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The auction, in which 14 companies participated, sold a total amount of 2,600 qintars of cotton.

Cairo- Sep 10, 2022

The first cotton auction for the 2022-2023 season has closed today in Fayoum in the presence of the cotton trading follow-up committee.

The auction, in which 14 companies participated, sold a total amount of 2,600 qintars of cotton.

The new system has been in place for four years. It aims to regulate cotton trading and ensure farmers get the best prices for their crops through bidding.

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