May 23, 2012

Alcotexa sells 295 tonnes cotton by May 19

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) has signed agreements in the week that ended on May 19 to sell 295 tonnes of cotton, an Alcotexa official said on Monday (May 21).

The sales comprised 145 tonnes of Giza 88 cotton grade and 150 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 73,716 tonnes, worth US$231.7 million.

By this time last year, Alcotexa had sold 110,712 tonnes of cotton worth US$454.87 million.