Egypt sells 400 tonnes of cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 400 tonnes of cotton in the week that ended on April 10, an Alcotexa official told Reuters on Sunday. The sales comprised 300 tonnes of Giza 86, 50 tonnes of Giza 88 and 50 tonnes of Giza 80, the official said.
The deal brings Alcotexa's export commitments for the 2009/10 season, which began in September, to 67,545.3 tonnes of cotton worth $165.1 million, the official said. By this time last year Alcotexa had committed to sell 13,497 tonnes of cotton worth $36.23 million. Egypt expects to export 80,000 tonnes of cotton this season, the agriculture minister said in February.