EGYPT: 46 Thousand Tons is the Total Cotton Export Contracts in a Week.
Alexandria Cotton Exporters Association Members (Alcotexa) have contracts to export cotton with approximately 46 thousand tons during the week to be of total 60 thousand tons from the beginning of the season or the equivalent of 1,3 million kantars representing 50% of the total expected crop for the current season…
Egytex News Desk
Source: Al Alam AL Youm Newspaper
This came as a reaction of the cotton exporters members on the possibility of banning or imposing fees upon a request of the local spinners in a meeting under the chairmanship of the Federation of Egyptian Industries Mr. Mohamed EL Morshedy, where they did not issue any prices for selling yarns locally, although with the increase of the raw material prices and increase in the export prices with an average percentage 10% and reducing the period of contracts to export yarn for three months instead of 6 months as it was in the past.
Source: Al Alam AL Youm Newspaper
From the Egytex news archive, first published on 12 October 2010. Figures and names are as reported at the time.
