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

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Vietnam’s textile & garment exports cross $26 bn till Nov

Textiles | On 18th Dec 2017

Vietnam’s textile & garment exports cross $26 bn till Nov

Vietnam earned $26.844 billion from textile and garment exports in...

Rotex Fabrics grows production with Bruckner stenters

Textiles | On 18th Dec 2017

Rotex Fabrics grows production with Bruckner stenters

The South African company, Rotex Fabrics, which is a knitter, dyer,...

Interviews View All

Sunil Rathore
Lacoste India

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

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Liz Manning

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

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search