Home / Knowledge / News / Textiles / Wool market closes at lower bids
Wool market closes at lower bids
27
Feb '08
Wool prices fell last week, owing to an increase in the Australian dollar and poor demand from China and Italy. Besides, larger quantities on offer have also put pressure on prices. With sales slowing down at apparel stores, demand for Australian wool may decline, possibly affecting prices.

On an average, the Australian wool market finished 2.1 percent lower, at sales in Sydney, Melbourne and Fremantle this week against a further increase in the US exchange rate.

In a three day sale in Melbourne and a two day sale in Sydney, the AWEX EMI fell by 11¢ on Tuesday, by 5¢ on Wednesday and by 2¢ on Thursday. The Western Indicator fell by 28¢ on Wednesday and rose by 2¢ on Thursday in a two day sale in Fremantle.

However, a record price was set for Western Australian superfine wool at sales in Newcastle.

Kojonup growers from Misty Hills received 13,500 cents a kilogram for three bales of 13.7 and 13.8 micron wool. Previous records for the same showed the figures hovering around 8000 cents a kilogram.

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Paolo Ocleppo
Sandvik Hyperion

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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