Egypt’s Alcotexa sells 1,016 T cotton in past week

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CAIRO (Reuters) – Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 1,016 tonnes of cotton in the week that ended on June 30, an Alcotexa official said on Monday.

The sales comprised 125 tonnes of Giza 88 grade cotton and 891 tonnes of Giza 86, the official said.

The deals bring Alcotexa’s export commitments for the 2011/12 season, which began in September 2011, to 78,250 tonnes, worth $244.5 million.

By this time last year, Alcotexa had sold 110,539 tonnes of cotton worth $455.1 million.

Source: http://news.yahoo.com/egypts-alcotexa-sells-1-016-t-cotton-past-084240167–sector.html

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