Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 3,959 tonnes of cotton in the week that ended on February 4, an Alcotexa official said on Monday. The sales comprised 1,622 tonnes of the Giza 88 grade of cotton and 2,037 tonnes of Giza 86, the official said. The deal brings Alcotexa's export commitments for the 2011/12 season,
By this time last year, Alcotexa had sold 100,095 tonnes of cotton worth $391.29 million.