IN SHORT: Egypt sells cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,567 tonnes of cotton in the week that ended on November 26, an Alcotexa official said on Tuesday. The sales comprised 450 tonnes of Giza 88 and 1,117 tonnes of Giza 86, the official said. The deal brings Alcotexa's export commitments for the 2011/2012 season, which began in September 2011, to 19,682 tonnes worth $69.98 million.
By this time last year, Alcotexa had sold 82,990 tonnes of cotton worth $297.92 million.