Home / Knowledge / News / Textiles / Weaker New Zealand dollar helps bolster wool prices
Weaker New Zealand dollar helps bolster wool prices
May '12
New Zealand Wool Services International Ltd reported that the weaker New Zealand dollar and seasonal slowing down of wool supply, helped bolster prices for the 9,500 bales on offer this week.

The weighted indicator for the main trading currencies dropped 2.83 percent compared to the last sale on 3rd May with 80.5 percent of the selection sold. A nominal offering of Mid Micron Fleece were generally firm with Fine Crossbred Fleece and Shears ranging from firm to 4.5 percent stronger.

Coarse Crossbred Fleece also improved more than the currency factor, lifting between 4 and 5.5 percent. Coarse Shears were between 1.5 and 5.5 percent dearer with the types in shorter supply improving the most. First Lambs of all styles and lengths received better attention, increasing 3 to 6 percent with the finer microns strongly contested.

A small selection of long oddments were up to 5 percent dearer with short types 3 to 5 percent stronger. Good competition with China and Western Europe continuing to dominate, supported by the United Kingdom, Middle East, India and Australia.

New Zealand Wool Services International Ltd

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search