Egypt Agreed to Export 2,216 Metric Tons of Cotton Last Week

Egypt agreed last week to export 2,216 metric tons of cotton in the week through June 12, the Alexandria Cotton Exporters Association said.

The country has shipped 81,775 tons of the fiber, valued at $254.7 million, since the marketing year began Sept. 1, the association said today in a weekly bulletin. Of last week’s agreed sales, 412 tons were of the Giza 88 variety and 1,804 tons were 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-quality clothing. Switzerland, Bangladesh and India are the top importers of Egyptian cotton.

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

To contact the editor responsible for this story: Andrew J. Barden in Dubai at barden@bloomberg.net