Egypt's Alcotexa sells 1,259 T cotton in past week

CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,259 tonnes of cotton in the week that ended on Dec. 10, an Alotexa official said on Monday.

The sales comprised 709 tonnes of Giza 88 and 550 tonnes of Giza 86, the official said.

The deal brings Alcotexa's export commitments for the 2011/2012 season, which began in Sept. 2011, to 21,701 tonnes worth $76.8 million.

By this time last year, Alcotexa had sold 85,644 tonnes of cotton worth $312.76 million.