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

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin

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

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

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

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

Yes No

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

Yes No

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

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