Markets

Egypt's Alcotexa sells 1,259 T cotton in past week

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The sales comprised 709 tonnes of Giza 88 and 550 tonnes of Giza 86, the official said.

The deal brings Alcotexa's export commitments for the 2011/2012 season, which began in Sept. 2011, to 21,701 tonnes worth $76.8 million.

By this time last year, Alcotexa had sold 85,644 tonnes of cotton worth $312.76 million.

Copyright Reuters, 2011