Home / Knowledge / News / Textiles / AWEX Merino Cardings MPG fall by 37¢
AWEX Merino Cardings MPG fall by 37¢
28
Apr '08
The Australian wool market finished 2.2% lower, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI fell by 18¢ (-1.9%), ending the week at 920¢/kg. This reflected decreases of 16¢ (-1.6%) in the North and 21¢ (-2.3%) in the South, with their corresponding Regional Indicators finishing the week at 965¢ and 882¢ clean, respectively. The Western Indicator fell by 24¢ (-2.6%), finishing the week at 912¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI fell by 14¢ on Tuesday and by 4¢ on Wednesday. The Western Indicator fell by 14¢ on Tuesday and by 10¢ on Wednesday in a two day sale in Fremantle.

48,390 bales were on offer, compared with 52,435 bales last week, of which 21.5% were passed in, comprised of 17.3% in Sydney, 18.6% in Melbourne and 32.4% in Fremantle. Pass-in rates for Merino fleece and skirtings were 22.8% and 21.9%, respectively. 2,430 bales (4.8%) were withdrawn prior to sale and re-offered bales made up 11.7% of this week's offering.

The US exchange rate (source RBA) was 0.21¢ higher on Monday when compared with Thursday of last week. It was up by a further 0.16¢ on Tuesday and by 0.81¢ on Wednesday to close at 94.97¢, up 1.18¢ (+1.3%) since the last sale.

The exchange rate against the Euro rose by 0.58 Euro cents (+1.0%) to close at 59.45 Euro cents on Wednesday night. When looked at in other currencies, the AWEX EMI decreased by 6¢ (-0.7%) in US terms and by 5¢ (-0.9%) 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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

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

Mohammad Hassan
Biax Fiberfilm

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

Pranav Mishra
Huemn

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

Karan Arora
Karan Arora

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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