Home / Knowledge / News / Textiles / Weaker wool market in New Zealand
Weaker wool market in New Zealand
19
Jul '12
New Zealand Wool Services International Ltd reported that this week’s offering of 10,500 bales from the South Island saw a generally weaker market with 55 percent of the offering sold.

The weighted indicator for the main trading currencies was unchanged having minimal impact. With nearly 50 percent of the offering comprising long pre lamb shorn fleece and coarse shears at a time when the Western European markets are on annual vacation and others are reticent to buy, this week’s lower levels come as a little surprise.

Compared to the last time sold in the South Island sale on 28 June, the Mid Micron Fleece finer than 28 microns resisted the trend, remaining firm to 4 percent dearer. 28.5 to 30.5 micron were firm to 1.5 percent cheaper.

Compared to the last sale on 12 July, Fine Crossbred Fleece and Early Shorn 33 to 35 micron were 3.5 to 5.5 percent softer. Coarse Crossbred Fleece and Early Shorn Wools were 5 to 8 percent weaker with limited competition. Coarse Second Shears ¾ inches and shorter were generally firm to easier. First Lambs 30.5 micron and finer were firm to 1 percent cheaper with coarser types 1 to 4 percent cheaper. Combing Oddments were up to 5 percent weaker with Clothing types firm to 3 percent easier.

Restricted competition with targeted buying against immediate shipping requirements. No individual markets dominated this week’s auction.

New Zealand Wool Services International Ltd


Must ReadView All

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...

Courtesy: Coolvision

Textiles | On 20th Jun 2018

FiberVisions to show new range of CoolVisions fibre at OR

FiberVisions, an Indorama Ventures company, is set to present a new...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Mala Alwani

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

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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