Home / Knowledge / News / Textiles / Restricted demand weakens prices of all types of wool
Restricted demand weakens prices of all types of wool
28
Jun '12
New Zealand Wool Services International Limited reported that comparatively large offering of 21,600 bales from both the North and South Island this week on the back of restricted demand saw nearly all types weaken. The weighted indicator for the main trading currencies was hardly changed compared to the last sale on 21st June, strengthening 0.13 percent.

There was a 71 percent clearance. Mid Micron Fleece 28.5 micron and finer resisted the trend and were generally 3 percent dearer, with 29 to 30.5 microns firm to 3 percent cheaper. Fine Crossbred Fleece were 3 to 4 percent easier with the Fine Crossbred Shears generally 2 to 5 percent weaker, however there were premiums paid for the finer, shorter types.

Better colour Coarse Crossbred Fleece were 3 to 6 percent down, with the poorer styles which were in stronger demand, remaining firm. Coarse Second Shears ranged from 2 to 7 percent weaker. This category made up over 70 percent of the offering. First Lambs were 1 to 5 percent softer with the South Island down the most.

Coarse Oddments in the North were generally firm to 3.5 percent stronger with the South Island selection weakening 7 to 9 percent; however prices are still well above the North Island levels.

Wider competition with China, Western Europe, United Kingdom principals supported by India and the Middle East.

New Zealand Wool Services International Limited


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

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...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search