Home / Knowledge / News / Textiles / Wool market closes 2.5% lower
Wool market closes 2.5% lower
May '08
The Australian wool market finished 2.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 20¢ (-2.2%), ending the week at 884¢/kg. This reflected decreases of 23¢ (-2.4%) in the North and 18¢ (-2.1%) in the South, with their corresponding Regional Indicators finishing the week at 927¢ and 849¢ clean, respectively. The Western Indicator fell by 27¢ (-3.0%), finishing the week at 868¢.

It was the first time the closing EMI had fallen below 900¢ since the second week in August, when it closed at 899¢. In a two day sale in Sydney and Melbourne, the AWEX EMI fell by 22¢ on Wednesday and rose by 2¢ on Thursday. The Western Indicator fell by 29¢ on Wednesday and rose by 2¢ on Thursday in a two day sale in Fremantle.

48,646 bales were on offer, compared with 55,718 bales last week, of which 20.9% were passed in, comprised of 15.8% in Sydney, 17.0% in Melbourne and 34.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 23.7% and 21.8%, respectively. 2,961 bales (5.7%) were withdrawn prior to sale and re-offered bales made up 18.2% of this week's offering.

The re-offer rate, which was almost 20% of the offering, was the highest for the season. The US exchange rate (source RBA) was 0.28¢ higher on Monday when compared with Thursday of last week. It was up by a further 0.39¢ on Tuesday, by 0.19¢ on Wednesday and down by 0.63¢ on Thursday to close at 94.00¢, up 0.23¢ (+0.2%) since the last sale. The exchange rate against the Euro rose by 1.37 Euro cents (+2.3%) to close at 61.37 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI decreased by 17¢ (-2.0%) in US terms and increased by 1¢ (+0.2%) 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

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search