Home / Knowledge / News / Textiles / Merino wool prices higher due to supply crunch
Merino wool prices higher due to supply crunch
10
Jul '08
Wool season for this year came to a close with market conditions in balance awaiting the next sales. Prices for merino wool traded higher as usual indicating towards a limited supply of medium and broad merino wool.

A total of 40,292 bales were offered recently, of which 91.8 percent were traded.

Wool purchase from various region included about 94.6 percent of Sydney offering (11,520 bales) 92.2 percent of the Melbourne offering (19,928 bales), and 87.5 percent of the Fremantle offering (8844 bales).

Wool processors are finding it difficult to extricate themselves from the conditions where capacity has to be adjusted in keeping with lower levels of supply.

Experts believe that in the next few years, Australian supply of greasy wool will drop if major chunk of the land gets devoted to cultivating crops. Need of the hour is to further develop on-farm productivity so that wool growing can compete with crops and meat in terms of farm gate margin.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
March 2017

March 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