Home / Knowledge / News / Textiles / Increasing demand leads to soaring wool prices
Increasing demand leads to soaring wool prices
03
Apr '08
New Zealand dollar has weakned in present times by one to two percent in comparison to other trading currencies, since the last wool auction held on March 27. However, this currency movement has not affected the wool price as there is strong demand in the market.

According to New Zealand Wool Services International Ltd, the wool sale held today in Christchurch, once again witnessed good prices being offered for all the categories.

The price of half bred wools saw a rise of nearly 3 to 4 percent. Hogget and cross bred wool experienced a boost of around 1.5 to 5 percent, the 3/5 inch wools gained the maximum benefit, as a result of keen intrest shown by Chinese buyers.

Crossbred full fleece of high quality strengthened nearly 2 to 3 percent, however, the prices of low quality remained stable.

The first lambs wool, saw a rise of approximately 2.5 to 6 percent and price of second shears went up by 2 to 5 percent, while Oddments remained stable to 2.5 percent.

New Zealand is the world's largest producer and exporter of crossbred wool, and experts believe that due to high quality and good prices offered, the increase or decrease in currency will not harm industry to a large extent.

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Neel Sawhney
One Friday

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

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra
Huemn

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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