Home / Knowledge / News / Textiles / Western Wool Indicator unchanged
Western Wool Indicator unchanged
Feb '08
In the first correction the since the end of October, the Australian wool market finished 3.6% lower, on average, at sales in Sydney and Melbourne this week.

The AWEX EMI fell by 38¢ (-3.6%), ending the week at 1007¢/kg. This reflected decreases of 32¢ (-2.9%) in the North and 42¢ (-4.2%) in the South, with their corresponding Regional Indicators finishing the week at 1054¢ and 968¢ clean, respectively. The Western Indicator was unchanged at 1053¢, there being no sale in the West.

In a two day sale in Sydney and Melbourne, the AWEX EMI fell by 21¢ on Wednesday and by 17¢ on Thursday.

44,533 bales were on offer, compared with 49,903 bales last week, of which 19.3% were passed in, comprised of 19.1% in Sydney and 19.4% in Melbourne. Pass-in rates for Merino fleece and skirtings were 25.8% and 9.2%, respectively. 645 bales (1.4%) were withdrawn prior to sale and re-offered bales made up 10.0% of this week's offering.

The US exchange rate (source RBA) was 1.24¢ higher on Tuesday when compared with Thursday of last week (Monday was a Public Holiday for Australia Day). It was up by 0.18¢ on Wednesday and down by 0.04¢ on Thursday to close at 88.84¢, up 1.38¢ (+1.6%) since the last sale.

The exchange rate against the Euro rose by 0.04 Euro cents (+0.1%) to close at 59.87 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI decreased by 19¢ ( 2.1%) in US terms and by 22¢ (-3.5%) in Euro terms when compared with the previous sale.

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search