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Canadian buyer tops wool auction
05
Jan '11
Viterra Wool, a commodity trader from Canada has maintained its rank as the leading auction-room purchaser. Viterra has purchased 99,697 bales which constitute 11.4 percent of the overall clearances of 972,009 bales in the first half of the marketing season, 2010-11.

Merino fleece accounted for a major share of the purchases made by Viterra, which is over 85 percent. Viterra was at the forefront of the auction with Rod Franklyn's Techwool Trading following next, which has purchased 85,633 bales. Here it is worth mentioning that if the overall wool purchases of Techwool included the wool from Western Australia purchased through a negotiator it would have been in a same position as Viterra.

Though AWEX maintains a record of 60 auction-room purchasers or exporters but 70 percent of the total purchases are made by only the leading 10 purchasers. The other purchasers included in the top 10 list in the order of their ranking are Chinese exporter Williams Wool, Australian trader Fox & Lillie, Queensland Cotton, Lempriere Australia, PJ Morris Wool, Kathaytex, Modiano and Elders Wool International.

Both Techwool as well as Fox & Lillie were the leading purchasers of crossbred wool. Williams Wool and Modiano dominated the auction of Merino skirtings, while Michell Australia and Techwool were biggest purchasers of oddments.

Fibre2fashion News Desk - India

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