Home / Knowledge / News / Textiles / Wool prices rise on currency fluctuation
Wool prices rise on currency fluctuation
11
Aug '11
There was a general increase in the prices of wool at the combined North and South Island wool auction on Thursday, mainly owing to a decline of 5.5 percent in the value of New Zealand dollar against other major trading currencies compared to the previous sale on August 4.

About 80.8 percent of the 10,565 bales on offer were sold at the auction. There was a good demand for full length wools that were well prepared. Also, there was a limited demand for North Island's good colour second shear.

Compared to the prices at last week's North Island sale, prices of second shear 34 to 36 micron, two to four inch, second shear 37 micron and coarser, three to four and two to four inch, and coarse crossbred early shorn increased 4.5 percent.

However, the prices of second shear 34 and 35 micron, three to four inch and fine crossbred early shorn witnessed the maximum increase of 6.5 percent.

Compared to the prices at last week's South Island sale, prices of fine crossbred wools, fine crossbred early shorn and second shear three to four inch and three to five inch, 33 to 35 micron, as also coarse crossbred 34 and 35 micron, four to six inch, rose between three and four percent.

Prices of good colour combing oddments, coarse crossbred 36, and coarse crossbred early shorn, coarser microns and second shear rose in between one and 2.5 percent. Maximum price rise of five percent was witnessed in clothing oddments.

Demand was visible as there were buyers from China, Western Europe, the United Kingdom and Australasia, while participation from India was limited.

At the next sale scheduled for August 18, nearly 7,000 bales of wool from the South Island and about 8,300 bales from the North Island are expected to be put for auction.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pranav Mishra
Huemn

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search