Home / Knowledge / News / Textiles / Wool market finishes 1.1% lower
Wool market finishes 1.1% lower
Sep '10
The Australian wool market finished 1.1% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 2.2%.

39,016 bales were on offer, compared with 37,063 bales last week. 14.2% were passed in, comprised of 10.0% in Sydney, 12.3% in Melbourne and 23.0% in Fremantle. Pass-in rates for Merino fleece and skirtings were 16.8% and 11.7%, respectively.

1,448 bales (3.6%) from the expected offering of 40,464 bales were withdrawn prior to sale and re-offered bales made up 6.8% of the final offering. 33,474 bales were cleared to the trade.

Exchange rates were up again this week, with the US exchange rate at its highest level since April and the Euro exchange rate reaching its highest ever level in the last week. Financial commentators attribute the current support for the A$ to good economic data from China and investors moving away from the US$.

It was generally a good week for wool, with the EMI in US up by 11¢ on Wednesday. But, this was masked by the 2.4% rise in the US exchange rate. The market operated at a similar level on Thursday, where the slight easing in the US exchange rate saw a 2¢ lift in the EMI in A$, and lifts in most individual Indicators. The finer wools had a slightly better week than the medium and broader wools.

Prices for skirtings finished the week on a firm note after a mixed day on Wednesday, when prices generally eased, particularly in the South and the West. Crossbred average AWEX MPGs eased in AS terms, but were slightly up in US currency. Oddments eased again this week, with the AWEX Merino Cardings Indicator down by 1.2% in A$ terms.

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

Sales will be held in Sydney, Melbourne and Fremantle next week, when 46,106 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 13 and 14) are 43,600 and 47,400 bales, respectively; an increase of 6.1% over the three sale period when compared with last year.

The New Zealand Merino Company is rostered to offer 2,850 bales in Melbourne next week and 2,500 bales in Week 14.

In South African sales, the Cape Wools Indicator was down by 4.1% since last week's sale against a 2.5% appreciation of the Rand against the US Dollar and a 0.5% appreciation against the Euro. 5,218 bales were on offer.

Click here for more details

Australian Wool Industries Secretariat

Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Textiles | On 21st Jul 2017

GST hits carpet industry, 5,000 units may shut down: CEPC

The handmade carpet industry has been affected badly following the...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

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

Igor Chapurin

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

Prathyusha Garimella
Prathyusha Garimella

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

Pranav Mishra

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


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

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