Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 1,238 tons of cotton in the week that ended on June 5, an Alcotexa official told Reuters on Sunday.
The sales comprised 491 tons of Giza 88 and 747 tons of Giza 86, the official said.
The deal brings Alcotexa’s export commitments for the 2009/10 season, which began in September, to 72,757 tons of cotton worth $170.55 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 18,416 tons of cotton worth $47.95 million.