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 Pass-in rates for Merino fleece and skirtings were 22.8% and 21.9%, respectively. 2,430 bales (4.8%) were withdrawn prior to sale and re-offered bales made up 11.7% of this week's offering.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 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Amit Jain
Shingora Textiles Ltd

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
July 2017

July 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