Home / Knowledge / News / Textiles / Average Merino Cardings MPG up by 3¢
Average Merino Cardings MPG up by 3¢
02
Mar '10
AWIS wool market review - The Australian wool market finished 0.1% higher, on average, at sales in Newcastle, Melbourne and Fremantle this week when the US exchange rate fell by 0.8%.

46,144 bales were on offer, compared with 44,453 bales last week, of which 8.1% were passed in, comprised of 4.1% in Newcastle, 9.0% in Melbourne and 11.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 10.1% and 3.3%, respectively.

1,105 bales (2.3%) from the expected offering of 7,249 bales were withdrawn prior to sale and re-offered bales made up 10.2% of the final offering. 42,402 bales were cleared to the trade.

The US exchange rate continues to fluctuate, and the Euro exchange rate stays at its high level while uncertainty continues in Greece.

It was another solid market with strong finish, especially in the West. There was a welcome stronger Italian presence for a good selection in Newcastle. There was strong competition in both sale rooms and the return of some of the premiums for the better types of wool, particularly for the under 17 micron wools. The highest prices paid in Newcastle were 21,000¢ greasy for a 12.5 micron wool on Tuesday and 9,700¢ for a 13.4 micron lot on Wednesday.

Demand for skirtings types was very strong and particularly so in Newcastle where members of the trade advise that some very good prices were paid. Crossbreds opened on a softer note on Tuesday that continued in the South on Wednesday in the face of a large offering; and then finished on a strong upward trend in the South on Thursday that took average MPGs slightly above last week's closing levels. Oddments started the week well, but eased on Thursday. The average Merino Cardings MPG was up by 3¢ (+0.5%).

Buyers for China were again dominant, followed by buyers for Taiwan and India. The stronger presence from buyers for Italy in Newcastle was good to see and the generally better buying activity for Europe seen in recent weeks was maintained.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 46,303 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 37 and 38) are 42,300 and 45,600 bales, respectively; a decrease of 1.7% over the three sale period when compared with last year.

The Cape Wools Indicator was up by 5.6% in South Africa since the last sale two weeks ago against a 1.2% depreciation of the Rand against the US Dollar and a 0.5% appreciation against the Euro. 12,173 bales were on offer.

Click here for more details

Australian Wool Industries Secretariat


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

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

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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