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

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Paolo Ocleppo
Sandvik Hyperion

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

Kerem Durdag
Biovation II LLC

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

Eric Scholler
Groz-Beckert

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

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

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:
May 2017

May 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