Home / Knowledge / News / Textiles / New wool season opens in Port Elizabeth
New wool season opens in Port Elizabeth
Aug '08
The new wool season kicks off on Wednesday (20 August) when close on 12 000 bales will be offered at auction in Port Elizabeth.

The season opens in the wake of slower global economic growth and uncertainty as to how this will affect consumer demand for clothing. In Australia, where auctions have already commenced, the market initially lost some ground but last week recouped its losses, mainly as a result of a weaker Australian dollar.

Analysts hope that the sharp decline in the production of apparel wool will counterbalance a possible decline in demand at retail level. Global production is forecast to fall by 7% year-on-year.

South Africa was the only one of the four major wool exporting countries to post an increase in production. Good climatic conditions in most wool-growing areas contributed to the 3.6% increase in local production to around 48.6 million kg.

In the other three exporting countries – Australia, Argentina and Uruguay – production was down on the previous season and is expected to fall further this season.

Production in Australia, the world largest apparel-wool producer, dropped by around 12% over the past season and is expected to decline a further 7% this season to 385 million kg – its lowest level in 60 years.

The major reasons for this decline are the high global grain prices that have provided a strong incentive for farmers to plant addition winter crops, reducing the area for sheep grazing, and continuing dry conditions in some parts of eastern Australia and in Tasmania.

Poor seasonal conditions in South America are to blame for the decline in sheep numbers. Patagonia, the main Merino wool production area in Argentina has experienced a prolonged drought and production is expected to fall 8%.

Uruguay has also been experiencing poor seasonal conditions, resulting in a smaller lamb crop and a sell-off of wethers. Production is forecast to drop 5%.

Exchange rates will continue to play a major part in determining price levels in the new season.

Capewools SA

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts

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

Kevin Nelson

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

Sanjukta Dutta
Sanjukta's Studio

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search