By Mohamed Samir / Reuters
CAIRO: Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 275 tons of cotton in the week that ended on March 31, an Alcotexa official said on Monday.
The sales comprised 225 tons of Giza 88 grade cotton and 50 tons of Giza 86, the official said.
The deals bring Alcotexa’s export commitments for the 2011/12 season, which began in September 2011, to 66,620 tons, worth $209.7 million, the official said.
By this time last year, Alcotexa had sold 110,117 tons of cotton worth $451.7 million.
