China's cotton output this year has exceeded 6 million tons, according to data released by the National Bureau of Statistics (NBS) on Friday.
The total cotton output reached 6.641 million tons, marking an increase of 477,000 tons or 7.7 percent compared with 2024.
The total sown area of cotton stood at 2,979,200 hectares (44.687 million mu), up by 140,900 hectares (2.1 million mu) or an increase of 5.0 percent compared with that in 2024.
The cotton yield per unit area amounted to 2229.0 kg/ha (148.6 kg/mu), up by 57.4 kg/ha (6.6 kg/mu) or an increase of 2.6 percent compared with that in 2024.
China’s 2025 cotton output jumps by 7.7 pct
The Central Bank of Egypt (CBE) on Thursday lowered its key interest rates by 100 basis points, or 1 percent, the CBE reported.
The CBE said in a statement that its Monetary Policy Committee (MPC) decided to cut the deposit rate to 20 percent, the lending rate to 21 percent, and the rate of the main operation to 20.5 percent, while also reducing the discount rate to 20.5 percent.
"This decision reflects the committee's updated assessment of inflation dynamics and outlook since the previous MPC meeting," it said.
According to an earlier CBE report, annual urban headline inflation in Egypt eased slightly to 12.3 percent in November, down from 12.5 percent in October, driven by a slowdown in food price inflation, which declined to 0.7 percent in November from 1.5 percent a month earlier.
This marks the fifth interest rate cut by Egypt's central bank so far this year.
Egypt cuts key interest rates by 1 pct as inflation slightly down
