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Egypt’s Alcotexa sells 1,309 tonnes cotton in past week

July 9, 2012 4:55 by Reuters

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

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

(Reporting by Mohamed Samir)

Tags: Alcotexa, Cotton, Egypt, exports, sales, trade

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