Home / Knowledge / News / Textiles / Wool prices bring smiles to Monaro
Wool prices bring smiles to Monaro
10
Jan '08
It was like Christmas wishes coming true for the wool growers of Monaro as spot prices peaked at US $10 per kilogram before the markets closed for Christmas.

After struggling with drought for the past few years, the farmers had something to cheer about. The global consumption of wool is increasing aided by a strong economic global growth. Imports from China alone, account for nearly 65 percent of the wool produced in the country.

Experts say that presently market is showing poitive signs as both supply and demand are in equlibrium. The wool prices have reached an all time high, not seen in the past 17 years, with a hike of almost 34 percent.

Although, at one point of time, Wool had swayed the international arena, increasing use of synthetics has depressed its market share. Today, raw wool accounts for just 4 percent of all fibers used in the textile industry. However, according to industry professionals, in the coming years, woollen sector is bound to bounce back for better with the consumers preferences transforming with time.


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

Top executives
Textile industry, India

The event should be organised every year

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kalai Selvi

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

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Urs Stalder
Sanitized AG

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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