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

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Ahmad A. Al Sa’adi and Kwon Pyung-Oh display a comprehensive Memorandum of Understanding; Courtesy: Saudi Aramco

Textiles | On 21st Jul 2018

Saudi Aramco, KOTRA sign MoU for business cooperation

Saudi Aramco has signed an MoU with the Korea Trade-Investment...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Liz Manning

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search