Home / Knowledge / News / Textiles / Good week for oddments
Good week for oddments
Oct '10
The Australian wool market finished 2.3% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate fell by 1.3%.

44,604 bales were on offer, compared with 40,174 bales last week. 4.3% were passed in, comprised of 3.1% in Sydney, 3.0% in Melbourne and 8.3% in Fremantle. Pass-in rates for Merino fleece and skirtings were 4.7% and 3.2%, respectively.

992 bales (2.2%) from the expected offering of 45,596 bales were withdrawn prior to sale and re-offered bales made up 7.6% of the final offering. 42,673 bales were cleared to the trade.

The New Zealand Merino Company also offered 3,205 bales in Melbourne on Tuesday of which 5.6% were passed in.

The US exchange rate momentarily reached 100.03¢ on Friday night, before easing back under 100¢. It fell sharply early in the week after Chinese official interest rates were raised by 0.25%, but regained some of those "losses" on Thursday.

It was another week of strong demand, price rises in all currencies and low pass-in rates. Growers saw more of the gains this week when the easing of the US exchange rate gave a boost to the AWEX EMI in Australian currency. Gains were again seen across all Merino types and micron ranges, with the greatest gains in the average AWEX MPGs occurring from 17.5 to 19.5 microns.

Good demand and price rises were also recorded at sales in other grower countries.

Demand for skirting types was very strong, with gains of around 20¢ greasy on Wednesday and a further lift on Thursday. Demand for crossbreds also held up, particularly among the medium and broad types. The changes in average AWEX MPGs were less at the fine end, but they were coming off large increases last week. It was also a good week for oddments, with increases across all types and the average AWEX Merino Cardings Price Guide up by 3.9%. This week's gains have taken this Indicator above its opening value for the first time this season.

Buyers for China were again dominant followed by buyers for Europe and India. The stronger demand from Europe has been a feature of the market this season.

Sales will be held in Newcastle (third sale), Melbourne and Fremantle next week, when 51,916 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 18 and 19) are 45,940 and 44,020 bales, respectively; an increase of 3.0% over the three sale period when compared with last year. The New Zealand Merino Company is rostered to offer 2,500 bales in Melbourne next week.

In South African sales, the Cape Wools Indicator was up by 2.6% since last week in another strong market. The Rand depreciated by 1.7%against the US Dollar and by 0.5% depreciation against the Euro. 10,467 bales were on offer.

Click here for more details

Australian Wool Industries Secretariat

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

March 2017

March 2017

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


Browse Our Archives


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