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Last Week, &Nbsp; Egypt &Nbsp; Alcotexa&Nbsp; Sold 1034 Tons Of Cotton.

2010/8/17 11:29:00 45

Egyptian Cotton

Alexander Egypt

cotton

The exporter Association (Alcotexa) promised to sell 1034 tons of cotton in the week ending August 14th, an official of the association said on Sunday.

The sale includes 309 tons of Giza 88 cotton, 725 tons of Giza 86 cotton, the official said.


The Deal promised the Alexander cotton exporter Association's 2009-10 cotton season (from September) to export 81402 tons and exports to $197 million 50 thousand, the official said.


In the cotton season,

Egypt

It is expected to export 80000 tons of cotton, the agriculture minister said in February.


During this time last year, Egypt sold 24775 tons of cotton.

Export volume

It reaches 62 million 470 thousand dollars.


Domestic review:


Recently, reporters interviewed cotton textile enterprises in Wuhan, Hubei, found that in the face of rising cotton prices, business executives want to stabilize cotton prices and curb speculation, so as to facilitate the healthy development of the cotton textile market.


"The price of cotton has gone up, and the price of yarn has gone up."

Ye Guohua, chairman of Wuhan Jiangnan group company, told reporters.

Since the beginning of this year, the Jiangnan group has changed the situation of the cotton textile market after the change of the cotton textile market.

In the first quarter of this year, the group's sales revenue and receipts increased by 15% over the same period last year.

Ye Guohua said: "now imported cotton has no advantage in price, Xinjiang cotton and cotton prices in Hubei province are basically flat, and the attraction is not great.

The cotton price is stable, the cotton yarn quotation is good, the enterprise has the money to earn, this is the enterprise management and the development the absolute principle.


In the first quarter of this year, the sales revenue and gross profit of Wuhan Yu Dahua Group Company increased by 50% over the same period last year.

Wan Youshun, general manager of the company, said: "this year, yarn and cloth are indeed sold better than last year.

In fact, cotton prices have risen in the past year. The rise in yarn prices this year is only a lagging response to the rise in cotton prices.

We hope that cotton prices will be stable and market stable.

Because the ups and downs of cotton prices or sustained growth will have adverse effects on enterprises. "

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