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ALCOTEXA inks major cotton deals

03
May '08
Each year, with the beginning of the cotton selling season, Alexandria Cotton Exporters' Association (ALCOTEXA) announces the cotton export selling guidelines for Egyptian cotton varieties, after reviewing the situation of the crop against world's supply and demand.

This year as well, ALCOTEXA has accepted cotton export orders worth 862 tons, during the week ended April 19, official sources revealed.

This year's commitment includes the sales of 24 tons of Giza 87, 438 tons of Giza 88, 350 tons of Giza 86 and 50 tons to countries like India, Pakistan, Switzerland, Emirates, China, Turkey.

With this transaction orders, Egypt will be able to sell nearly 132,530.78 tons of cotton and earn $274.93 million for the country.

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Fibre2fashion News Desk - India


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