Egypt's Alcotexa sells 687 ton cotton in past week

CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 687 tonnes of cotton in the week that ended on June 2, an Alcotexa official said on Monday.

The sales comprised 111 tonnes of Giza 88 grade cotton and 576 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 75,271 tonnes, worth $236.9 million.

By this time last year, Alcotexa had sold 110,539 tonnes of cotton worth $455.1 million.