Home / Knowledge / News / Textiles / Wool market drops, good week for Oddments
Wool market drops, good week for Oddments
19
Jul '10
The Australian wool market finished 1.2% lower, on average, at the last sales before the mid-year break in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 1%.

39,700 bales were on offer, compared with 51,094 bales last week. 15.4% were passed in, comprised of 15.4% in Sydney, 13.2% in Melbourne and 24.9% in Fremantle. Pass-in rates for Merino fleece and skirtings were 19.2% and 9.3%, respectively.

1,095 bales (2.7%) from the expected offering of 40,795 bales were withdrawn prior to sale and re-offered bales made up 9.1% of the final offering. 33,579 bales were cleared to the trade.

Exchange rates have moved up since last week, putting pressure on prices in Australian currency, but did not experience the wild fluctuations of the previous two weeks.

The market was a bit softer this week, with the EMI down in all currencies, although the there was a 4¢ lift in US currency on Wednesday. There were falls across all micron rages and most types. Merino wools did best among the medium and broader types, in the reverse pattern of last week.

Prices for skirting types varied, with some types holding or slightly up, while others eased. Crossbred average AWEX MPGs were down by 0.6% at the fine end and by around 1.8% for the medium and coarse types. Oddments, however, generally had a good week, with the average AWEX Merino Cardings Price Guide up by 5¢ (+0.8%).

Buyers for China were again dominant followed by buyers for Taiwan, India and Europe.

Sales will be in recess next week and resume in the week commencing 9 August. Estimated offerings are not yet available.

Sales are in recess in South Africa until 18 August.

Click here for more details

Australian Wool Industries Secretariat

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

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

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
March 2017

March 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