Egypt’s Alcotexa Sells 502 Tonnes Cotton In Past Week

Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 502 tonnes of cotton in the week that ended on June 9, an Alcotexa official said on Monday.

The sales comprised 252 tonnes of Giza 88 cotton grade and 250 tonnes of Giza 86, the official said.

The deals bring Alcotexa’s export commitments for the 2011/12 season, which began in September 2011, to 75,773 tonnes, worth $237.5 million.

By this time last year, Alcotexa had sold 110,539 tonnes of cotton worth $455.1 million, according to Reuters.