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Egypt's Alcotexa sells 250 tonnes cotton in past week

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By Imad Uddin
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CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 250 tonnes of cotton in the week which ended on Oct. 8, an Alcotexa official told Reuters on Sunday.

The sales comprised 147 tonnes of Giza 88 and 103 tonnes of Giza 86.

The deal brings Alcotexa's export commitments for the 2011/2012 season, which began in September, to 4,097 tonnes of cotton.

Alcotexa did not announce the price for the new season yet, the official said.

By this time last year, Alcotexa had sold 64,930 tonnes of cotton.

Copyright Reuters, 2011

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