Egypt’s Alcotexa Sells 1.309 Tons Cotton In Past Week

Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 1,309 tons of cotton in the week that ended on July 7, an Alcotexa official said on Monday.

The sales comprised 292 tons of Giza 88 grade cotton, 12 tons of Giza 92 and 1,005 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 79,559 tons, worth $248.4 million. By this time last year, Alcotexa had sold 110,539 tons of cotton worth $455.1 million.

Reuters