Egypt’s Alcotexa Sells 1.462 Tonnes of Cotton In Two Weeks

Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 1,462 tonnes of cotton in the two-week period that ended on June 23, an Alcotexa official said on Monday.

The sales comprised 114 tonnes of Giza 88 cotton grade and 1,348 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 77,234 tonnes, worth $241.7 million.

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

This news has been reported by Reuters.