Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) agreed to sell 906 tons of cotton in the week that ended on May 29, an Alcotexa official told Reuters on Sunday.
The sales comprised 247 tons of Giza 88, 12 tons of Giza 92, 422 tons of Giza 86 and 225 tons of Giza 80, the official said.
The deal brings Alcotexa’s export commitments for the 2009/10 season, which began in September, to 71,519 tons of cotton worth $166.86 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 18,066 tons of cotton worth $47.13 million.