Bloomberg News

Egypt Agreed to Export 1,800 Metric Tons of Cotton Last Week

February 14, 2012

Feb. 14 (Bloomberg) -- Egypt agreed to export 1,800 metric tons of cotton in the week ending Feb. 9, the Alexandria Cotton Exporters Association said in its weekly bulletin.

The country has shipped 54,089 metric tons of cotton valued at $172.7 million since the marketing year began on Sept 1. Of last week’s sales, Egypt will ship 594 tons of the Giza 88 cotton variety, and 1,206 tons of Giza 86, the association said today.

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.

--Editors: Louis Meixler, Caroline Alexander.

To contact the reporter on this story: Abdel Latif Wahba in Cairo at alatifwahba@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net


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