Egypt’s Alcotexa sells cotton worth $197.68 million
Egypt’s Alexandria
Cotton Exporters’ Association (Alcotexa) committed to sell 148 tonnes
of cotton in the week that ended on August 21, an Alcotexa official
told Reuters on Sunday.
The sales comprised 33 tonnes of Giza 88 and 115 tonnes of Giza 86, the official said.
The deal brings
Alcotexa’s export commitments for the 2009/10 season, which began in
September, to 81,550 tonnes of cotton worth $197.68 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 24,875 tonnes of cotton worth $62.69 million.
Leave a Reply