Home / Knowledge / News / Textiles / New Zealand wool prices decline on rising currency
New Zealand wool prices decline on rising currency
Jul '11
The prices of New Zealand wool have declined from their recent hikes. At the joint auction of North and South Island wool on July 21, about 65 percent of the nearly 18,000 bales on offer were sold.

The prices saw a decline of two to five percent since the last auction of South Island wool held on June 30, and the sales of North Island wool held a week later.

A factor that impacted the price was the 3.56 percent rise in the value of New Zealand dollar during the past fortnight, against the major wool trading currencies.

Limited overseas buying, owing to holidays in Europe, and comparatively high volumes of supply in the market than is normal at this time of the year, were among the other factors that pushed the prices downwards.

However, the fleece for the coarser end of the mid micron types withstood the declining trend and its price closed 1.5 percent higher.

Price of fleece for the fine end of the mid micron types decreased by three percent compared to earlier auction sales. While the price of fine crossbred fleeces were 3.5 to 5 percent down, the price of shears went down between zero and three percent.

Long oddments were available at rates which were about four percent lower compared to the previous sale, while short varieties were down by about five percent. The price of a usual offering of first lambs' types also decreased by up to 2.5 percent.

The principal buyers were from China, India and Australasia. There were also few buyers from the United Kingdom, Western Europe and the Middle East.

The next auction sale is scheduled for July 28, where around 4,300 bales of South Island wool and 9,200 bales of North Island wool are expected to arrive.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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