Egypt's Alcotexa sells 868 T cotton in past week

CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 868 tonnes of cotton in the week that ended on May 26, an Alcotexa official said on Monday.

The sales comprised 4 tonnes of Giza 87, 221 tonnes of Giza 88 cotton grade, 3 tonnes of Giza 77 and 640 tonnes of Giza 86, the official said.

The deals bring Alcotexa's export commitments for the 2011/12 season, which began in September 2011, to 74,583 tonnes, worth $234.2 million.    

By this time last year, Alcotexa had sold 110,712 tonnes of cotton worth $454.87 million.