Home / Knowledge / News / Textiles / Australian wool market upbeat this week
Australian wool market upbeat this week
25
Jan '08
The Australian wool market finished 0.9% higher, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 9¢ (+0.9%), ending the week at 1045¢/kg. This reflected increases of 7¢ (+0.6%) in the North and 11¢ (+1.1%) in the South, with their corresponding Regional Indicators finishing the week at 1086¢ and 1010¢ clean, respectively. The Western Indicator rose by 10¢ (+1.0%), finishing the week at 1053¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 13¢ on Wednesday before falling by 4¢ on Thursday when there was an appreciation in the US exchange rate. The Western Indicator up by 14¢ on Wednesday and down by 4¢ on Thursday in a two day sale in Fremantle.

All four Indicators are at their season high and are at their highest levels since the 2002/03 season when the EMI peaked at 1189¢, but at a much lower exchange rate.

49,903 bales were on offer, compared with 69,947 bales last week, of which 10.2% were passed in, comprised of 6.5% in Sydney, 6.3% in Melbourne and 19.2% in Fremantle. Pass-in rates for Merino fleece and skirtings were 11.3% and 7.2%, respectively. 827 bales (1.6%) were withdrawn prior to sale and re-offered bales made up 9.9% of this week's offering.

In a fluctuating week, the US exchange rate (source RBA) was 0.38¢ lower on Monday when compared with Thursday of last week. It was down by a further 1.85¢ on Tuesday to 85.77¢, up by 0.61¢ on Wednesday and by 1.08¢ on Thursday to close at 87.46¢, down 0.54¢ (-0.6%) since the last sale.


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 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

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

Yes No

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

Yes No

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


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



X