Home / Knowledge / News / Textiles / Wool exporters up in arms against currency punters
Wool exporters up in arms against currency punters
Oct '09
The wool manufacturing and exporting sector is up in arms against so called punters, who speculate on the New Zealand dollar, which is detrimental to the interests of the exporting community from across all industries.

They want the government to take steps to stop this practice and that the government should clearly differentiate between productive investment and international speculation with the national currency of the country.

One wool exporter says that since mid-March the Kiwi dollar has gone up 46 percent and seriously undermined gains that should have ended up in farmers' pockets.

Wool prices paid to farmers have increased slightly on average since March, but the appreciation of the Kiwi dollar has wiped out the gains that would have accrued to the wool growers and exporters and could have helped them earn $1 per kg more.

This in turn makes the New Zealand wool more expensive, when compared with those in other countries, which also has the potential to take the business away from the country, adds the expert.

Fibre2fashion - News Desk, India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts

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

Karan Arora
Karan Arora

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search