Home / Knowledge / News / Textiles / Wool sales to resume amid concerns of supply shortage
Wool sales to resume amid concerns of supply shortage
Jan '09
Wool sales resume on Wednesday (14 January) following the Christmas recess and about 15,000 bales will come under the hammer.

Sales resumes amid uncertainty about the effect of the downturn in the global economy on the wool market. The market indicator gained 14% during November and December on the back of strong demand from Chinese importers rushing to fill import quotas before year-end, and a weaker rand. It nevertheless still is 12% below the opening sale in August 2008.

With all 15 countries in the Euro-zone, the US and Japan now officially in recession and consumer confidence at a low, spending patterns, particularly on non-essentials like clothing, are expected to be affected.

Another factor that will negatively impact on prices is wool's price relative to other fibres. Prices of competing fibres, particularly synthetic fibres, have decreased more sharply than wool prices. This may compel manufacturers to switch to cheaper fibres or to “downgrade” pure wool products to wool/synthetic blends.

Also of concern is the slow-down in China's economy as export demand drops. When all these factors are taken into account, the wool market is expected to face a few difficult months.

On the other hand, concerns about possible supply shortages following the expected 6% drop in Australian production to 375 million kg, the lowest level in decades, may support the market. Exchange rates will also continue to play a major part in determining price levels.


Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Binoy Ravjani
Hero's Fashion

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

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Larry L Kinn
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

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

Mike Hoffman
Gildan Activewear SRL

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

Rupa Sood and Sharan Apparao

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

Bani Batra

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

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

March 2017

March 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