Egypt’s Alcotexa Sells 1,092 T Cotton In Past Week

Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 1,092 tonnes of cotton in the week that ended on Aug. 11, an Alcotexa official said on Monday.

The sales comprised 167 tonnes of Giza 88 grade cotton and 925 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 86,360 tonnes, worth $268.37 million.

By this time last year, Alcotexa had sold 110,664 tonnes of cotton worth $455.73 million.

Reuters