Home / Knowledge / News / Textiles / Aussie wool prices down 1.9% last week
Aussie wool prices down 1.9% last week
Apr '13
The AWEX Regional Indicators finished 1.9% lower, on average, at sales in Sydney, Melbourne and Fremantle last week when the US exchange rate fell by 0.5%.

The wool market displayed more of the volatility seen since the resumption of sales after the Easter break, with the EMI up slightly on Tuesday, but falling on Wednesday and the WMI down on both days. All average AWEX MPGs were down for the week.

Not surprisingly, the pass-in rate lifted sharply on Thursday, when the national figure was 20.8% compared with 11.3% on Wednesday. The West continued to experience a high “withdrawn-before-sale rate” (18.5%) and pass-in rate (33.2%).

The overall year-to-year changes in the progressive offering will stay in positive territory if the expected offerings for the next three weeks are achieved.

The US exchange rate experienced further volatility during the week, but finished on a slightly upward note at the end of the week.

In other countries, the Cape Wools Indicator in South Africa was down by 0.4% since last week against a 0.7% depreciation of the Rand against the US Dollar and a 0.6% appreciation against the Euro. In New Zealand, Wool Services International quoted fine crossbred (35 microns) as 1% dearer; and early shorn and second shear fine crossbred fleece as 3% up to 7% dearer, according to length.

Among other fibres, cotton Futures have fallen during the week. July Futures were down by 3.8% to close at 84.25 US¢; and December Futures were down by 3.2% to 83.28 US¢ on Friday.

Skirtings prices started on a firm note in the East on Tuesday, but were down in the West. Wednesday’s sale saw falls across all centres. Crossbred prices were relatively stable during the week, particularly when compared with Merino prices.

Oddments fared fairly well on Tuesday, but were more mixed on Wednesday when some, but not all, types resisted the overall fall in the market

Buyers for China were dominant, with support from buyers for, India and Korea. Buyers for Europe were noticeably quitter again this week.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 44,847 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 45 and 46) are 43,870 and 41,800 bales, respectively; an increase of 13.2% over the three sale period when compared with last year.

Australian Wool Industries Secretariat Inc

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search