Home / Knowledge / News / Textiles / Wool market gets volatile despite strengthening prices
Wool market gets volatile despite strengthening prices
24
Apr '08
Wools sales for 7,900 bales of North Island wool in Napier remained steady as prices either increased or remained steady for all the other types.

New Zealand dollar, strengthened by one percent against US dollar and other trading currencies since its last auction on April 17. Although, this should have pulled down the prices of wool, robust demand for the commodity outweighed the currency factor during the sales scheduled today.

Prices of hogget shears went up by one-two percent while good color coarse fleece gained somewhere between 1-3 percent.

Moreover, Lamb's wool continued to get strong with recent gains ranging from firm for shorter lengths to two percent higher for longer types. Even Oddments hiked by 1-3 percent.

South Island wool is the next in the list of auction scheduled for next week on May 1, comprising about 11,000 bales, in Christchurch.

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

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...

Marcel Alberts
Eurofibers

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

Karan Arora
Karan Arora

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search