Egypt’s Alcotexa: 1.016 Tons Cotton Sold In Past Week

Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 1,016 tons of cotton in the week that ended on June 30, an Alcotexa official said on Monday.

The sales comprised 125 tons of Giza 88 grade cotton and 891 tons of Giza 86, the official said.

The deals bring Alcotexa’s export commitments for the 2011/12 season, which began in September 2011, to 78,250 tons, worth $244.5 million.

By this time last year, Alcotexa had sold 110,539 tons of cotton worth $455.1 million, Reuters reported.