Sawsan Wahby, the Chairman of Eastern Cotton Company, one of the affiliates of the Cotton & Textile Industries Holding Company (CTIHC), said that decision of eliminating cotton cultivation subsidies will harm the cotton and textile industry in Egypt. The statement came after the Minister of Agriculture and Land Reclamation Adel El-Beltagy asserted that the State will not offer subsidy to cotton farmers or spindles in the next season. Dalia Rady, the Executive Director for the export council for spinning and weaving, stated that cotton yarn exports’ subsidies should not have been removed as the long staple cotton has a limited market due to its expensive production.