Home / Knowledge / News / Textiles / Wool prices may fall on weaker cotton market
Wool prices may fall on weaker cotton market
31
Aug '11
Wool prices may fall owing to weaker cotton market, but not to an extent to affect the revival of sheep flock in Australia, which has seen a decline in numbers for last two decades.

The prices of wool are currently 12 percent lower than the record high touched in June this year, as per the Australian eastern markets index. The price of cotton, on the other hand, has fallen by nearly 50 percent of its all-time high in March this year.

Bankers in Australia say the millers will increase the polyester and cotton content, unless there is a decline in the prices of wool.

A bank official, however, said the price of wool would start declining in spring when more production comes to the market. But, he added, the price, which currently stand at Aus$ 13.15 per kg, would not plunge below Aus$ 11 a kg.

There is currently a slump in Australia's wool production and the supply is expected to remain critically tight. The wool production in New Zealand, the second-largest wool exporter after Australia, has also dipped by more than half to 358,000 tons from its peak output in 1980s.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sonia Agarwal
Whitenife

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra
Huemn

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

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