Egypt's Alcotexa sells 1,775 T cotton in past week

Reuters, Monday 26 Dec 2011

The deal brings Alcotexa's export commitments for the 2011/12 season to 25,204 tonnes worth $87.33 million

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,775 tonnes of cotton in the week that ended on 24 December, an Alcotexa official said on Monday.

The sales comprised 825 tonnes of the Giza 88 grade of cotton and 950 tonnes of Giza 86 grade, the official said.

The deal brings Alcotexa's export commitments for the 2011/12 season, which began in September 2011, to 25,204 tonnes worth $87.33 million.

By this time last year, Alcotexa had sold 89,355 tonnes of cotton worth $332.2 million.

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