Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 581 tons of cotton in the week that ended on June 12, an Alcotexa official told Reuters on Sunday.
The sales comprised 169 tons of Giza 88, 400 tons of Giza 86 and 12 tons mixed from Giza 86 and Giza 89, the official said.
The deal brings Alcotexa’s export commitments for the 2009/10 season, which began in September, to 73,338 tons of cotton worth $172.34 million, the official said.
Egypt expects to export 80,000 tons of cotton this season, the agriculture minister said in February.
By this time last year, Alcotexa had sold 19,421 tons of cotton worth $50.29 million.
