CAIRO: Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 938 tons of cotton in the week that ended May 15, an Alcotexa official told Reuters on Sunday.
The sales comprised 63 tons of Giza 88 and 875 tons of Giza 86, the official said.
The deal brings Alcotexa’s export commitments for the 2009/10 season, which began in September, to 69,691.8 tons of cotton worth $161.8 million, the official said.
Egypt expects to export 80,000 tons of cotton this season, the agriculture minister said in February.
By this time last year, Alcotexa had sold 16,597 tons of cotton worth $43.76 million.