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
20240830145952.gif)
20240925092649.png)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
