Home / Knowledge / News / Textiles / Wool production to rise for first time in 12 years
Wool production to rise for first time in 12 years
24
Apr '10
It is for the first time in 12 years that wool production is projected to rise. According to the Australian Wool Production Forecasting Committee, in the forthcoming season, wool production is expected to increase by 10 million kilograms.

The rise in prices is a result of good rains in almost every corner of NSW and also in other areas. But, though there are positive signs regarding rise in wool production, the country's sheep herd is likely to reduce, as cultivator's are either shifting to meat production or are taking up crop farming.

But according to Russell Pattinson, Chairman of the forecasting committee, it is too early to comment on the fact that, higher supply of wool in the markets would lead to reduced prices.

He further added that, the predictions were not based on the wool prices, but on his observations, according to which, they were coming off the previous minimal levels of wool production.

Pattinson concluded by saying, currently the manufacturing was still the lowest in 80 years, and that what was being discussed was just an addition of 10 million kilograms to the current 350 million kilograms.

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Pranav Mishra
Huemn

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search