Markets

Egypt's Alcotexa sells 687 ton cotton in past week

Published June 4, 2012 Updated June 4, 2012 07:15am

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.

Copyright Reuters, 2012