Egypt’s Alcotexa sells 312 T cotton in past week

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CAIRO: Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 312 tons of cotton in the week that ended on Aug. 28, an Alcotexa official told Reuters on Sunday.

The sales comprised 92.5 tons of Giza 88, 50 tons Giza 45, 2.5 tons Giza 80 and 167 tons of Giza 86, the official said.

The deal brings Alcotexa’s export commitments for the 2009/10 season, which began in September, to 81,862 tons of cotton worth $198.9 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 25,163 tons of cotton worth $63.35 million.

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By Reuters
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