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 Pass-in rates for Merino fleece and skirtings were 22.8% and 21.9%, respectively. 2,430 bales (4.8%) were withdrawn prior to sale and re-offered bales made up 11.7% of this week's offering.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

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

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

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
February 2017

February 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