Egyptian cotton | Cotton Prices | FREE Cotton Market| Cotton traders

Egypt's Alcotexa sells 1,193 T cotton in past week

2011-01-19T19:40:00.003+02:00

CAIRO (Reuters) - Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,193 tonnes of cotton in the week ended January 15, an Alcotexa official told Reuters on Sunday.The sales comprised 432 tonnes of the Giza 88 variety and 761 tonnes of Giza 86, the official said.
Alcotexa's export commitments for the 2010/11 season, which began in September, are now 91,589 tonnes of cotton worth $344.39 million, the official added.
By this time last year, Alcotexa had sold 52,693 tonnes of cotton worth $117.3 million.

Source: Reuters Africa
Date: Sun Jan 16, 2011 12:19pm GMT

Egyptian cotton prices

2011-01-19T13:42:00.001+02:00

Average of Export Egyptian cotton yarn Prices ( LE /qantar) FOB Alexandria

Week : (19) from 09/ 01/ 2011 to 15/ 01/ 2011

Variety	Giza 88	Giza 86
Average Price	1649.48	1483.25

Grade : Good + 3/8

Egyptian cotton yarn prices

*Note  LE ( Egyptian Pound )
            1 qantar =50 kilograms
            1 MT (Metric Ton)   = 20 qantars

Cotton in luck

2011-01-17T08:55:00.001+02:00

FOR YEARS, the state of Egypt's cotton production has been steadily deteriorating due to a number of factors. But 2010 brought much-needed good news for cotton farmers, as a lower supply and higher demand on world markets pushed prices upwards.

According to a recent report by Al-Ahram Centre for Political and Strategic Studies, Egypt's share of the international high quality long staple cotton decreased from 1.5 per cent in 2002/2003 to 0.8 per cent in 2006/2007, for the benefit of other countries such as India whose share rose from 12.5 per cent in 2002/2003 to 20.3 per cent in 2007/2008.
The reason behind this deterioration is that the area of cotton cultivated lands has shrunk, as has land productivity. This has had a clear negative impact on numerous areas such as the textiles industry, the labour market and the country's balance of payments.
According to the report, cotton cultivated land was reduced from 1.4 million feddans in the 1970s to 313,000 feddans in 2008/2009. Farmers abandoned the cultivation of cotton because the government paid them prices which were often not satisfactory and did not cover their costs as compared to other crops.
The situation was different in 2010 since international cotton prices have more than doubled due to smaller harvests worldwide and a strong demand from China. Egyptian farmers who used to lobby the government for LE700 per qantar (one qantar equals 50 kilogrammes) are this year getting LE1,800 per qantar.
High international demand was clearly shown in Alexandria Cotton Exporters Association figures which registered that 83,000 tonnes of cotton worth $300 million were contracted in November 2010 compared to 35,000 tonnes at $79 million last year. Egypt's total cotton exports are expected to reach 100,000 tonnes.
Moreover, there are optimistic forecasts for the next year's harvest. According to a report issued by the United States Department of Agriculture (USDA), cotton areas and production are expected to increase by 34 per cent in 2010/2011.
To help Egyptian cotton regain its position on international markets and recuperate its old "white gold" nickname, Al-Ahram's report made a number of recommendations including the necessity of supporting farmers in their fierce competition against farmers in other countries, particularly the US, where the government offers producers financial support.
The report argued that the negative impact of US government farm subsidies on African as well as Asian cotton producers should be raised by the Egyptian government during the coming World Trade Organisation (WTO) round as an important factor that leads to unfair competition.
Moreover, the report recommended that the government should set out an agricultural strategy to divide Egypt's land in a manner which will match its social needs as well as deal with the increase of its growing population. This strategy should include applying measures that help to raise cotton's quality and productivity, the report said.
The recommendations also included the establishment of a unified association which will take all decisions concerning cotton including production, collection, pricing, storing and marketing. This association should include representatives from all concerned parties such as farmers, traders and manufacturers.

Source: Al-Ahram Weekly
30 December 2010 - 6 January 2011

COTTON FOR SALE | BUY ORDERS

2010-11-09T09:17:00.002+02:00

Now you can add your cotton offers for selling on this page:

http://egycotton.blogspot.com/p/cotton-for-sell.html

You can add your cotton Purchase orders on this page:

http://egycotton.blogspot.com/p/buy-orders.html

Cotton Export Selling Conditions For 2010 /2011 Season

2010-10-24T16:14:00.001+02:00

Alexandria Cotton Exporters’ Association (ALCOTEXA) Cotton Export Selling Conditions For 2010 /2011 Season

ALCOTEXA announces Cotton Export Selling Conditions for Egyptian cotton varieties for 2010/2011 season, effective from 5/9/2010, as follows.

1- Export selling prices will be set by agreement between Buyer and Seller, and according to shipment date, and whenever shipment is postponed, upon Buyer’s request, beyond the date defined in the contract and till end August 2011, carrying charges to be calculated, according to both parties agreement. ALCOTEXA will announce, periodically, the average of the contracted prices.

2- All bids submitted by buyers to cotton export firms, members of Alexandria Cotton Exporters’ Association, are subject to ALCOTEXA’s approval, according to its bylaws.

3 - All contracts registered with ALCOTEXA are final.

4- Payment to be effected in U.S. Dollars.

5- Contracts may be concluded on basis F.O.B. - C.I.F. - C&F according to both parties agreement.

6- Settlement to be effected on the basis of both parties agreement and according to recognized banking procedures.

7- The Seller may grant payment facilities, in which case the Buyer has to open a L/C confirmed by a first class bank according to both parties agreement.

8- Sales’ contracts approved to be registered with ALCOTEXA should be accompanied with Buyer’s name, country, quantity, variety, type, shipment dates and corresponding price for each shipment date.

9- Registration will not be allowed for buyers who didn’t settle their contracts in previous seasons.

10- Contracts are to be issued in metric tons (1000 Kilos) stipulating variety & type according to both parties agreement. Weight tolerance of ±2% is allowed, and the Buyer must pay for excess weight which is calculated at the original contracted price.

11- All contracted cotton must be shipped on the date defined in the contract. Whenever Buyer postpones shipment beyond end August 2011, he must settle the entire value of the quantity postponed according to the contract.

Such being the case, the Buyer will bear storage and insurance expenses at the rate of, at least, 1% monthly of the value prorate, or to undertake them himself.

12- In case of non-execution of all or part of the contract in the date defined in the contract, for reasons imputable to Buyer or Seller, the contract will be cancelled. The party who has induced non-execution of the contract will bear either a penalty of 10% or the differential between the contracted price and the price prevailing at the time of non execution, whichever is greater, against the value of the unshipped quantities.

13- Value of shipped cotton will be calculated on basis of ‘‘Humidity Test Certificate’’ issued by the Cotton Arbitration & Testing General Organization (CATGO), and not to be subject to settlement.

14- Switching from one type or variety to another is allowed, according to Buyer’s request and Seller’s approval.

15- In case of dispute, the Seller and the Buyer can/may refer the matter to ALCOTEXA for arbitration.

16- Either a contract signed by both parties or documents and correspondents that prove conclusion of the contract, should be submitted to ALCOTEXA upon seeking arbitration for non-execution of all or part of the contract.

17- The aforementioned terms and conditions form an integral part of the Egyptian sales conditions.

COTTON COMPANIES | COTTON TRADERS

2010-07-25T09:15:00.006+03:00

COTTON COMPANIES ( Cotton traders ), MEMBERS OF ALEXANDRIA COTTON EXPORTERS' ASSOCIATION

company	Contact Person	City	Telephone	Fax
MISR COTTON EXPORT CO.	MAMDOUH ABDEL-SATTAR	ALEXANDRIA	03/4847710, 4842400	03/4842088


Serial No.	Name of Firm	Contact Person	City	Telephone	Fax
1	PORT SAID COTTON EXPORT CO.	EGLAL ABU SABE	ALEXANDRIA	03/4862888, 4872960	03/4852774
2	ALCOTAN COTTON TRADING & EXPORT CO.	MAGDY MAHMOUD EL-MENIAWY	ALEXANDRIA	03/487778, 4869759	03/4879601
3	MISR COTTON EXPORT CO.	MAMDOUH ABDEL-SATTAR	ALEXANDRIA	03/4847710, 4842400 or 4842088	03/4851588
4	EASTERN COTTON CO.	DR. AHMED MOUSTAFA MOHAMED	ALEXANDRIA	03/3937120, 3938099	03/4946401
5	ALEXANDRIA COMMERCIAL CO.	GALAA SADEK SALEH	ALEXANDRIA	03/4846023, 4847360	03/4847368
6	EL-WADY TRADING & COTTON GINNING CO.	DR. MEFREH EL-BELTAGI	ALEXANDRIA	03/3925838, 3925837	03/3921720
7	ARABIA COTTON GINNING CO. S.A.E.	EL-SAYED A. EZZ EL-ARAB	CAIRO	02/25758623 or 25756012	02/27730024
8	EL-DELTA FOR TRADING AND COTTON GINNING CO.	YEHIA SHAHEEN	CAIRO	02/23912919 or 23919093	02/23906853
9	TALAAT HARB COTTON CO.	SHAFIK M. GOMAA	ALEXANDRIA	03/4950608 or 4950609	03/4950606
10	MISR COTTON GINNING CO.	MOHAMED EL-FATEH EL-SAYED ISMAEIL	GIZA	02/35720714 or 35720633	02/35711344
11	THE NILE COTTON GINNING CO.	EL-SAYED ABDEL-ALEEM AFIFI	ALEXANDRIA	03/4868996, 4869007 or 4868997	03/4875331
12	MODERN NILE COTTON CO.	AHMED KHALED EL-BOSATY	CAIRO/ALEXANDRIA	02/33361516, 33378183 - 03/4251047	02/33361481 03/4251027
13	NASSCO TRADING S.A.E.	AYMAN S. NASSAR	ALEXANDRIA	03/5855886 or 5879095	03/5876748
14	AL-WATANY FOR COTTON & AGRICULTURAL DEVELOPMENT CO.	WAFAA SAADA MOHAMED	CAIRO/ALEXANDRIA	02/33368432, 33368433 - 03/5902578 5902579	02/33368438 03/5902583
15	ARAB TRADE & INVESTMENT CO. & COTTON TRADING	EZZ EL-DIN MAGHRABI MOHAMED	CAIRO/ALEXANDRIA	02/24171034 - 03/3621704	02/22916570 03/3629885
16	ABU-MADAWY COTTON TRADING CO.	ABDEL-SATTAR ABU MADAWY	ALEXANDRIA	03/4837300 or 4837301	03/4837301
17	TANTA COTTON CO.	MOHAMED AHMED BRAGHEETH	TANTA/ALEXANDRIA	040/33297001 3317310 - 03/4806481 4840323	040/3313447 03/4840324
18	EDCO COTTON EXPORT CO.	ZAKI ABDEL-HAMID EL-EDKAWI	ALEXANDRIA	03/4877291 or 4840734	03/4863409
19	THE INTERNATIONAL CO. FOR AGRICULTURAL CROPS.	ABDEL-SALAM EL-GABALY	MANSOURA	050/2310966 or 2312355	050/2311170


20	BENHA COTTON TRADING & AGRICULTURAL CROPS CO. S.A.E.	AHMED MOHAMED EL-ATTAR	BENHA/ALEXANDRIA	013/3252069, 3260137 - 03/4876417, 4846359	013/3260693 03/4856338
21	EL-SAYYADCO FOR INDUSTRY & INTERNATIONAL TRADE.	MOHAMED HAMMAD HAFEZ	ALEXANDRIA	03/4813366	03/4818333
22	DELTA INTERNTIONAL FOR DEVELOPMENT & INVESTMENT CO.	ABDEL HAMID EL-HETAMI	TANTA	040/3333331	040/3333331
23	NORTH UPPER EGYPT FOR DEVELOPMENT & AGRICULTURAL PRODUCTION CO.	DR.YASSIN OSMAN	GIZA	02/33886812 or 33886292	02/37714845
24	EL-ANANY CO. FOR EXPORT & IMPORT COTTON	IBRAHIM A. EL-ANANY	ALEXANDRIA	03/4837376 or 4837379	03/4837378
25	TRUSTCO FOR IMPORT & EXPORT	MOHAMED LEHETA	ALEXANDRIA	03/5435569	03/5410440
26	EL-FATH FOR TRADING & EXPORTING COTTON & AGRICULTURAL CROPS.	MAHMOUD ABD EL-HAFEEZ KANTOSH	DAMANHOUR	045/3322856 or 3326930	045/3326930
27	ALKAN MOHAMED MAHMOUD NOSSEIR	KHALED M. NOSSEIR	ALEXANDRIA	03/58583189	03/5858318
28	KHAYRAT ENGINEERING & TRADING CO.	AHMED M. KHAYRAT	CAIRO	02/22589709	02/24143926
29	AGRICULTURAL CO-OPERATIVE ASSOCIATION FOR MARKETING FARM CROPS	ABDEL-AZIZ SHAWKI AMER	TANTA	040/3331597 or 3407656	040/3331597
30	EL-TOUKHY IMPORT & EXPORT CO.	ALAA EL-TOUKHY	TANTA	040/3334979	040/3354979
31	MIDDLE EAST COTTON CO. FOR MARKETING & TRADING (MIDCOT)	SALAH SHAWAR	ALEXANDRIA	03/4857888	03/4857999
32	EL-SALAM CO. FOR WEAVING AND DYEING (SROUR & MILAD SHEHATA)	MILAD SHEHATA GHOBRIAL	TANTA	040/2430711 or 2431713	040/2432945
33	RADY COTTON TRADING & EXPORTING CO.	RADY M. EBEID ABOU MADAWY	KAFR EL-DAWAR	045/2212629 or 2234626	045/2214546
34	GREAT WALL EXP. CO.	NEAMA MOHAMED ALI	ALEXANDRIA	03/4203420 or 4208886	03/4203550
35	THE UNITED COMPANY FOR GINNING & EXPORTING COTTON	IBRAHIM ABDEL-MONIEM IBRAHIM	BENI SWEEF/ALEX.	082/7668998, 7668999 - 03/4839883, 4831343	082/6656957 03/4839883
36	ISLAMIC WEAVING AND PLASTIC CO. (SAID ALI MALEK & CO.)	MAHMOUD FEKRY TOLBA	ALEXANDRIA	03/4952909 or 4955505	03/4952909
37	EL-HOUTY FOR TRADING GENERAL EXPORT COTTON	ALI ABDEL- MAWGOUD ALI	ALEXANDRIA	03/4872688	03/4861693
38	AL-ERFAN COTTON TRADING, EXPORTING & IMPORTING	ELSAYED ERFAN RASHED	ALEXANDRIA	03/4243535	03/4243535
39	THE EGYPTIAN COMPANY FOR TRADE, INDUSTRIAL INVESTMENT AND COTTON TRADE.	MOHAMED MOHAMED ALI	CAIRO	02/26904857	02/26904457


40	AL-FAREED COTTON CO.	MANFI EID IBRAHIM	ALEXANDRIA	03/4267231	03/4267234
41	EL-ADHAM FOR COTTON EXPORT TRADING	AMR HASSAN HOSNI AZAM	GIZA	02/35842619 or 35842618	02/35842632
42	PATCO COTTON TRADING & EXPORT A.G.	DR. WAGDI HENDY IBRAHIM	ALEXANDRIA	03/4278780 or 4282249	03/4278780
43	NORTH DELTA AGRICULTURAL CO.	IBRAHIM IBRAHIM SHOUKRI	CAIRO	02/33028689 or 33461924	02/33445080
44	EGYPT GINNING CO.	DR. HANI OLAMA	CAIRO/ALEX.	02/25756012, 25758623 - 03/4841377	02/27730024 03/4842204
45	EL-GARHY TRADING & EXPORT COTTON CO.	MOHAMED M. EL-GARHY	EL-FAYOUM	084/6343127 or 6330422	084/6330422
46	ZEDAN COTTON, IMPORT & EXPORT CO.	AHMED ZEDAN HASSEN ZEDAN	DAMANHOUR	045/3309097	045/3331173
47	AL-ABRAR COTTON CO.	SAAD MOHAMED AHMED KHALIFA	CAIRO	02/37797221	02/37797221
48	AL-OMRAN FOR MODERN HOUSING &TRADE	HAMDI OMRAN AHMED	ALEXANDRIA	03/4200967 or 4200959	03/4200922
49	EGYCOT FOR INTERNATIONAL TRADE	AMGAD HASSAN EL-ATTAL	ALEXANDRIA	03/5449371	03/5448381
50	BALBAA TRADING, GINNING, IMPORT & EXPORT COTTON CO.	MOHAMED EL-SENOSY	KAFR EL-DAWAR	045/2226639	045/2226639
51	AL-AMIR FOR GINNING & EXPORTING COTTON CO.	MAMDOUH FAROUK HANNA	EL-MENIA/ALEXANDRIA	086/7800026, 7835375 - 03/4291597	086/7835375 03/4291597
52	EL-MOUSTAFA FOR TRADING & IMPORT AND EXPORT COTTON	SALAH MOHAMED ABDEL-MAKSOUD KANTOSH	DAMANHOUR	045/3313093 or 3361090	045/3313093

Egyptian cotton | Cotton Prices | FREE Cotton Market| Cotton traders

Egypt's Alcotexa sells 1,193 T cotton in past week

Egyptian cotton prices

Cotton in luck

COTTON FOR SALE | BUY ORDERS

Cotton Export Selling Conditions For 2010 /2011 Season

COTTON COMPANIES | COTTON TRADERS

MISR COTTON EXPORT CO.

MAMDOUH ABDEL-SATTAR

ALEXANDRIA

03/4847710, 4842400

03/4842088