Alcotexa sells 2,072T cotton in past week: Egypt

CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 2,072 tonnes of cotton in the week that ended on Dec. 31, an Alcotexa official said on Sunday.

The sales comprised 1,650 tonnes of the Giza 88 grade of cotton and 422 tonnes of Giza 86, the official said. The deal brings Alcotexa's export commitments for the 2011/12 season, which began in September, to 27,276 tonnes worth $94.2 million. By this time last year, Alcotexa had sold 89,870 tonnes of cotton worth $335 million.