Home / Knowledge / News / Textiles / Crossbreds performs better than Merino
Crossbreds performs better than Merino
08
Feb '10
AWIS Wool Market Review - The Australian wool market finished 0.3% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate fell by a further 2.3%.

48,858 bales were on offer, compared with 48,183 bales last week, of which 9.8% were passed in, comprised of 5.1% in Sydney, 7.3% in Melbourne and 19.6% in Fremantle. Pass-in rates for Merino fleece and skirtings were 13.4% and 4.1%, respectively. 869 bales (1.7%) from the expected offering of 49,727 bales were withdrawn prior to sale and re-offered bales made up 10.3% of the final offering. 44,078 bales were cleared to the trade.

The fall in exchange rates this week was largely a consequence of the Reserve Bank leaving official interest rates unchanged on Tuesday, a move which surprised most analysts and economists.

It was another sale in which the movements in the market on the first day were reversed on the second day. The market began with a good start following on from the better finish on Thursday of last week, only to give back the gains on Thursday. Merino fleece types were most affected, with their pass-in rate rising from 7.8% on Wednesday to 18.0% on Thursday. The easing in Fremantle was less than in the East.

The results for Merino skirtings types were once again generally less affected than those for Merino fleece types. Crossbreds did better than Merinos, with the average AWEX MPGs for 28 and 32 microns moving up slightly and others down by a small amount. Oddments defied the downward trend in fleece wools in another strong week and moved up on both days. The average AWEX Merino Cardings MPG rose by 15¢ (+2.3%) for the week and is up 31.3% since the start of the season.

Buyers for China were again dominant, followed by buyers for India and for Europe and Taiwan.

Sales will be held in Sydney, Melbourne / Launceston and Fremantle next week, when 48,592 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 34 and 35) are 49,310 and 47,700 bales, respectively; a decrease of 3.0% over the three sale period when compared with last year.

The joint centre sale in the South will be held in Melbourne on Tuesday / Wednesday and in Launceston on Friday.

In South African sales, the Cape Wools Indicator was down by 0.6% since last week against a 2.2% appreciation of the Rand against the US Dollar and a 2.8% appreciation against the Euro. 8,115 bales were on offer.

Click here for more details.

Australian Wool Industries Secretariat


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Binoy Ravjani
Hero's Fashion

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

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Pranav Mishra
Huemn

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search