Egypt’s Alcotexa Sells 2,440 T Cotton In Two Weeks

Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 2,440 tonnes of cotton in the two-week period that ended on July 28, an Alcotexa official said on Monday.

The sales comprised 850 tonnes of Giza 88 grade cotton and 1,590 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 84,215 tonnes, worth $261.969 million.

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

Reuters