IN SHORT: Egypt sells 5,202 tonnes of cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 5,202 tonnes of cotton in the week that ended on January 14, an Alcotexa official said on Monday. The sales comprised 2,072 tonnes of the Giza 88 grade of cotton and 3,130 tonnes of Giza 86 grade, the official said.
The deal brings Alcotexa's export commitments for the 2011/12 season, which began in September 2011, to 35,510 tonnes worth $102.94 million. By this time last year, Alcotexa had sold 91,589 tonnes of cotton worth $344.39 million.