Home / Knowledge / News / Textiles / Aussie wool prices remain strong and stable
Aussie wool prices remain strong and stable
16
Dec '16
Australian wool prices remained extraordinarily strong and stable during the first half of the wool selling season 2016-17. The Eastern Market Indicator (EMI) pushed higher to close out at 1355ac clean/kg, representing a gain of 6ac clean/kg, during the final sale of the first half of the season held at Australian wool auctions this week.

On commencement of the week, this appeared to be pivotal point of the year which could determine the immediate prospects for the continuing good fortune for wool prices. Early thoughts were that one of the largest offerings in recent memory and the initial adverse foreign currency exchange direction were conspiring to prevent any improvement in price levels, but the entrenched strength of demand for our fibre came to the fore. Pleasingly for most of participants a very strong conclusion eventuated, the Australian Wool Innovation (AWI) report said.

In particular, the Merino sector displayed a competition that many buyers described as being one of the most positive finishes prior to a break seen for some time. Australian wool auction sales now go into recess for the annual 3 week Christmas and New Year break. Sales will resume in the week commencing Monday, January 9, 2017 where brokers are predicting upwards of a 60,000 bale offering followed by another large sale then a sharp drop off in numbers.

This week, Merino types sold generally 20 to 30ac/clean kg dearer levels, and interest was displayed across all of the micron and type spectrum. Those lesser quality wools which had dragged the market off its highs of 2 weeks ago were back in favour again and individual sale lots of these descriptions were as much as 40ac dearer.

There was a reasonable offering of very heavy vegetable matter (VM) (greater than 6 per cent) Merino fleece lots. Unfortunately these wools were selling at considerable discounts with 18.5 to 22 micron types showing a 200ac clean/kg difference to their lighter fault counterparts. Merino skirtings were keenly sought all week and added a general 10 to 20ac clean/kg to their already very attractive price levels. Cardings were slightly softer. Crossbreds could not continue their mini recovery this week after a generally tough season to close at levels slightly cheaper than the previous sales series.

The large volumes offered very late at the end of the first half is unusual. The wools making up the volume increase were from very freshly shorn sheep, AWI said. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urmil Arya

Sushila International, a well established textile organisation established ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search