Egypt agreed to export 1,156 metric tons of cotton last week
Egypt agreed to export 1,156 metric tons of cotton in the week ended Dec. 23, the Alexandria Cotton Exporters Association said in its weekly bulletin today.
The country has shipped 89,354.5 metric tons of cotton valued at $332.2 million since the marketing year began on Sept 1. Of last week’s sales, Egypt will ship 722 tons of the Giza 88 cotton variety and 434 tons of Giza 86, the association said.
Egypt produces the world’s finest extra-long staple cotton, which is stronger and softer than shorter staple cotton, and is used in high-end clothing. Switzerland, Bangladesh and India are the largest importers of Egyptian cotton.
Source: Bloomberg
From the Egytex news archive, first published on 27 December 2010. Figures and names are as reported at the time.