According to reports from the Central Agency for Public Mobilization and Statistics (CAPMAS), cotton exports from Egypt plunged by 69.7 per cent in the third quarter of the agricultural season 2013-14. The country exported 106,500 metric Kentar of cotton in March-May 2014 against 351,700 metric Kentar of exports last year. CAPMAS said the decrease in cultivated area of cotton resulted in the plunge as farmers favoured to grow other crops which are more profitable. The quantity of ginned cotton reached 395,000 metric Kentar during the third quarter against 485,900 metric Kentar of ginned cotton during the same period of the earlier season, marking a drop of 18.7 per cent.