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1,095 bales (2.7%) from the expected offering of 40,795 bales were withdrawn prior to sale and re-offered bales made up 9.1% of the final offering. 33,579 bales were cleared to the trade.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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marten Alkhagen
Swerea IVF AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

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

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