Home / Knowledge / News / Textiles / Improved outlook for natural fibres
Improved outlook for natural fibres
02
Mar '10
World prices of natural fibres are forecast to increase in 2010-11 as supplies tighten and demand improves, delegates at the ABARE Outlook conference in Canberra.

ABARE Chief Commodity Analyst, Dr Jammie Penm, said the Eastern Market Indicator price for wool is forecast to increase in 2010-11 as world economic recovery continues. “Wool supplies in Australia, the world's largest exporter of greasy wool, are expected to remain low because of a decline in sheep numbers,” Dr Penm said. “Demand for woollen products is expected to rise in 2010-11 as consumer confidence improves coming out of the global financial crisis.”

Dr Penm highlighted the importance of China's textile manufacturing sector for the Australian wool industry. “China is expected to move increasingly into higher quality woollen textiles and clothing over the medium term in response to competition from low cost textile manufacturers in South East Asia,” Dr Penm said.

Armelle Gruère, an economist with the International Cotton Advisory Committee, also took part in the session and told delegates that the short-term global cotton price outlook is brighter than it has been in recent years. Global cotton mill use has recovered more quickly than expected after the global financial crisis, and an expected decline in cotton stocks will provide support to cotton prices in the short to medium term.

“Cotton production, at least in the short term, is forecast to be smaller than projected demand,” Mrs Gruère said.

Delegates also heard from Felicity McDonald, PR and Communications Manager of The Merino Company, who emphasised the need for product differentiation and risk management in promoting natural fibres such as wool to retailers and consumers. “Our business model encourages wool producers to participate further in the wool supply chain, and assists in developing branding and marketing techniques for wool products at retail,” said Ms McDonald.

Australian Bureau of Agricultural and Resource Economics


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

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

Yes No

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

Yes No

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


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



X