Egypt's Alcotexa sells 46 tonnes of cotton in last week

Reuters , Sunday 20 Mar 2011

Firm's cotton export deals show threefold value increase from previous year

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 46 tonnes of cotton of the Giza 88 variety in the week that ended on 19 March, an Alcotexa official told Reuters on Sunday.

Alcotexa's export commitments for the 2010/11 season, which began in September, are now 110,067 tonnes of cotton worth US$451.4 million, the official added.

By this time last year, Alcotexa had sold 65,771 tonnes of cotton worth $150.97 million.

Short link: