Home / Knowledge / News / Textiles / Wool auctions may stop due to export ban
Wool auctions may stop due to export ban
04
Mar '11
South Africa's wool industry may be required to stop its weekly auctions for the time being.

Owing to the eruption of foot-and-mouth virus in livestock, the country has chosen to ban exports of all categories of cattle, pigs and sheep and their products.

Leading wool exporters opined that, there is no point in holding the auction when they could not export anything. The move would severely affect the domestic wool industry, they added.

The wool industry in the country is a source of livelihood for about 18,000 farmers, who with a combined flock of 14 million sheep produce around 50 million kg of wool, each year.

The Department of Agriculture, Forestry and Fisheries based in Pretoria, on February 28 made an announcement that, it has banned the exports for a minimum of three months, after it found 300 animals in KwaZulu-Natal province infected with the virus.

Next to Australia, South Africa is the second-biggest wool producer in the world which caters to the global textile markets, with France, Italy, Japan and China being its prime export markets, the agricultural department revealed.

South Africa ships eighty percent of its overall wool production in raw form. Such untreated fibre, popularly known as Greasy wool, is unwashed and carry a high health risk quotient as compared to processed wool which is washed and combed.

South Africa exported 1.34 billion rand or $193 million worth of greasy wool during last season, while in the first half of the wool marketing season, it has exported 620 million rand worth of fibre.

A 36 percent rise has been witnessed in the prices of the South African wool since December, 2010.

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Eamonn Tighe
Nature Works LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search