Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 992 tons of cotton in the week that ended on July 10, an Alcotexa official told Reuters on Sunday.
The sales comprised 250 tons of Giza 70, 221 tons of Giza 88 and 521 tons of Giza 86, the official said.
The deal brings Alcotexa’s export commitments for the 2009/10 season, which began in September, to 77,214 tons of cotton worth $183.96 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 22,801 tons of cotton worth $56.1 million.
