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Egypt's Alcotexa sells 687 tonnes cotton in past week

Reuters, Monday 4 Jun 2012

Deal brings cotton exporter's commitments for 2011/12 to $237 million

A farmer picks cotton
File photo: A farmer picks cotton on a farm in Qaha about 25 km (16 miles) north of Cairo (Photo: Reuters)

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 687 tonnes of cotton in the week that ended on June 2, an Alcotexa official said on Monday.

The sales comprised 111 tonnes of Giza 88 grade cotton and 576 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 75,271 tonnes, worth $236.9 million.

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

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