By Mohamed Samir / Reuters
CAIRO: Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 4,133 tons of cotton in the week that ended on March 10, an Alcotexa official said on Monday.
The sales comprised 75 tons of Giza 87 grade cotton, 366 tons of Giza 88 grade cotton, 13 tons of Giza 92 grade cotton and 3,679 tons of Giza 86, the official said.
The deals bring Alcotexa’s export commitments for the 2011/12 season, which began in September 2011, to 62,374 tons, worth $197.1 million.
By this time last year, Alcotexa had sold 110,021 tons of cotton worth $448.89 million.
