Egypt Agreed to Export 275 Metric Tons of Cotton Last Week

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Egypt agreed to export 275 metric tons of cotton in the week ending March 30, the Alexandria Cotton Exporters Association said today in its weekly bulletin.

The country has shipped 66,620 tons of cotton valued at $209.7 million since the marketing year began on Sept 1. Of last week’s sales, Egypt will ship 225 tons of the Giza 88 cotton variety, and 50 tons of Giza 86, the association said.

Egypt produces the world’s finest extra-long staple cotton, which is stronger and softer than shorter staple cotton. The longer staple is used in high-end clothing. Switzerland, Bangladesh and India are the largest importers of Egyptian cotton.

Source: http://www.bloomberg.com/news/2012-04-04/egypt-agreed-to-export-275-metric-tons-of-cotton-last-week.html

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