IN SHORT: Egypt cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,728 tonnes of cotton in the week that ended on December 17, an Alcotexa official said on Monday. The sales comprised 625 tonnes of the Giza 88 grade of cotton and 1,103 tonnes of Giza 86, the official said.
The deal brings Alcotexa's export commitments for the 2011/12 season, which began in September 2011, to 23,429 tonnes worth $81.98 million. By this time last year, Alcotexa had sold 85,644 tonnes of cotton worth $312.76 million.