CAIRO: Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 1,775 tons of cotton in the week that ended on Dec. 24, an Alcotexa official said on Monday.
The sales comprised 825 tons of the Giza 88 grade of cotton and 950 tons of Giza 86 grade, the official said.
The deal brings Alcotexa’s export commitments for the 2011/12 season, which began in Sept. 2011, to 25,204 tons worth $87.33 million.
By this time last year, Alcotexa had sold 89,355 tons of cotton worth $332.2 million.
