Home / Knowledge / News / Textiles / Wool scarcity may compel Uruguayan textile sector to import
Wool scarcity may compel Uruguayan textile sector to import
27
Aug '11
Uruguayan textile industry is facing scarcity of wool and may be compelled to import around 20 million kg of the same, Gabriel Capurro, CEO of the Uruguayan Wool Secretariat (SUL) said at an industry seminar.

Eduardo Pietra, President of Central Lanera, a sheep farmers' cooperative, stated that the textile industry has higher capacity than domestic production, and hence it will be required to import this quantity of wool.

He added that in order to cut down on costs and preserve its competitiveness, the industry should operate at optimum capacity. He elucidated that the country's greasy wool exports have increased as compared to 10 years back.

Uruguay each year exports around 65 million kg of wool, with China topping its clientele list. Earlier, European Union stood to be a vital market for industrialized wool exports, but now owing to the Euro debt and confidence crisis it has turned into a “risk zone”, Capurro said.

Further, while giving a summary of the sheep industry of Uruguay, Capurro said that while there happened to be a radical fall in the number of sheep in the country during the last decades, sheep prices have only recently started rising rapidly. This is because against high demand the supply is very limited, he explained.

Pietra, however, stressed on the necessity to secure a Uruguayan wool quality mark. He also forecasted that production would continue to remain lower than a few decades back and prices would sustain at higher levels, although they need to be aware of developments with regards to currency values.

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Urmil Arya

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


May 2018

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

news category


Related Categories:

Advanced Search