Home / Knowledge / News / Textiles / Competition for cross-bred wool gets stiffer
Competition for cross-bred wool gets stiffer
Jul '08
Sheep farmers in New Zealand may have a stronger market demand and a relatively handsome remuneration for wool this season as exporters and processors vie over the scanty supply of cross-bred wool.

Since the number of sheep has fallen drastically due to drought and dairy conversions, wool reared this time is much less compared to the previous season. Demand on the other hand is firming up and it believed that leading players of PGG Wrightson and farmer cooperative will usher an entirely new level of competition in the market.

In fact, Wool Services International has actually offered to give growers a guaranteed premium for a 12 month contract. A similar proposal of forward contract was introduced to a few selected growers last year in order to cater wool supplies to its Purelana brand.

Purelana will pay a base premium of 5 percent above the market price and a $2.50 per bale rebate for every bale delivered to the company. As such, growers who sign-up the contract would derive $15-30 a bale more than through the auction system.

As of now, Wool Services International, which exports about 40 percent of the country's cross bred wool clip, has plans to sell all its quality wool under the Purelana brand.

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Textiles | On 20th Feb 2017

IVL receives distinction for sustainability performance

Indorama Ventures Public Company Limited (IVL), one of the world’s...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor 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 ...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search