Egypt’s Alcotexa Sells 2,216 T Cotton In Past Week

Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 2,216 tonnes of cotton in the week that ended on July 14, an Alcotexa official said on Monday.

The sales comprised 412 tonnes of Giza 88 grade cotton and 1,804 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 81,776 tonnes, worth $254.7 million. By this time last year, Alcotexa had sold 110,539 tonnes of cotton worth $455.1 million.

Reuters