Home / Knowledge / News / Textiles / AWEX wool indicator down since January
AWEX wool indicator down since January
Apr '13
The Wool Market

The market has turned down since the lift in prices in January, when the AWEX Eastern Market Indicator (EMI) rose by 39¢ to 1111¢. Unfortunately, a series of downturns during March took the EMI back to 1059¢ in the last sale prior to Easter.

24 micron and crossbred wool have held on to their gains since the end of last year. The fine wools were most affected, with their AWEX Micron Price Guides mostly down by 7 to 8% since the first sale in January. Medium Merino MPGs are down by 4 to 5%.

The EMI is 11¢ less than at the start of the season and the Western Market Indicator (WMI) is 10¢ higher than in Sale 01. Reports from the wool trade indicate that demand has eased significantly in China over the last month.

The number of bales on offer has been consistently above the same weeks last year since October when the market turned around after the early season price falls. AWTA tested3.2% more wool in the nine months to the end of March. The current production forecast is for an increase of 0.9%.

The US exchange rate has ranged between 102.50 ¢ and 104.50¢ during March. The Australian economic outlook is more subdued than 12 to 18 months ago, but is still robust by global standards. Consequently, most financial analysts expect the US exchange rate to remain above 100¢ for the foreseeable future.

There is considerable discussion about the impact of the high exchange rate on Australian manufacturing industries and on commodity export prices. Official interest rates are low by Australian standards at 3%. However, this appears to be having minimal impact on exchange rates, particularly while a number of other countries are “printing money”.

Newcastle Wool Sales

It was a nostalgic moment when the last elite wool sale was held in Newcastle in February. Newcastle buyers and brokers held a very successful farewell function.

The National Auction Selling Committee has nominated seven sales as Australian Superfine (AS) feature sales in Sydney next season to provide Superfine wool growers with a replacement selling system for Newcastle.

Australian Dollar Chinese Yuan Conversion

The Australian Prime Minister, Julia Gillard, has just completed a five day visit to China. The visit had a high emphasis on trade issues, two of which were of potential significance to the wool industry.

- Agreement was reached for Australia to become the third country, after the United States and Japan, to establish direct currency conversion facilities with China.

- It is understood that some discussion was held about the Australia / China Free Trade Agreement. It has moved slowly since 2004 when it was proposed. Wool is a key part of the negotiations.

International Wool Textile Organisation

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts

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

Silke Brand-Kirsch
Schlegel und Partner

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


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