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By
Reuters
Published
May 17, 2010
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Egypt's Alcotexa sells 938 tonnes of cotton in past week

By
Reuters
Published
May 17, 2010

CAIRO (Reuters) - Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 938 tonnes of cotton in the week that ended May 15, an Alcotexa official told Reuters on Sunday 16 May.



The sales comprised 63 tonnes of Giza 88 and 875 tonnes of Giza 86, the official said.

The deal brings Alcotexa's export commitments for the 2009/10 season, which began in September, to 69,691.8 tonnes of cotton worth $161.8 million, the official said.

Egypt expects to export 80,000 tonnes of cotton this season, the agriculture minister said in February.

By this time last year, Alcotexa had sold 16,597 tonnes of cotton worth $43.76 million.

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