August 29, 2010 / 9:57 AM / 9 years ago

Egypt's Alcotexa sells 312 T cotton in past week

CAIRO, Aug 29 (Reuters) - Egypt’s Alexandria Cotton Exporters’ Association (Alcotexa) committed to sell 312 tonnes of cotton in the week that ended on Aug. 28, an Alcotexa official told Reuters on Sunday.

The sales comprised 92.5 tonnes of Giza 88, 50 tonnes Giza 45, 2.5 tonnes Giza 80 and 167 tonnes of Giza 86, the official said.

The deal brings Alcotexa’s export commitments for the 2009/10 season, which began in September, to 81,862 tonnes of cotton worth $198.9 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 25,163 tonnes of cotton worth $63.35 million. (Reporting by Mohamed Samir; Editing by David Cowell)

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