Egypt Agreed to Export 951 Metric Tons of Cotton Last Week

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Egypt agreed to export 951 metric tons of cotton in the week ending April 12, the Alexandria Cotton Exporters Association said today in its weekly bulletin.

The country has shipped 67,940 tons of cotton valued at $213.7 million since the marketing year began on Sept. 1. Of last week’s sales, Egypt will ship 569 tons of the Giza 88 cotton variety and 382 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, and is used in high-end clothing. Switzerland, Bangladesh and India are the top importers of Egyptian cotton.

Source: http://www.bloomberg.com/news/2012-04-17/egypt-agreed-to-export-951-metric-tons-of-cotton-last-week.html

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