Egypt's Alcotexa sells 563 tonnes of cotton in past week

Reuters, Monday 27 Feb 2012

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 563 tonnes of cotton in the week that ended on 25 February, an Alcotexa official said on Monday.

The sales comprised 188 tonnes of the Giza 88 grade of cotton and 375 tonnes of Giza 86, the official said.

The deal brings Alcotexa's export commitments for the 2011/12 season, which began in September 2011, to 58,029 tonnes worth $184.5 million.

By this time last year, Alcotexa had sold 108,938 tonnes of cotton worth $442.41 million.

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