Home / Knowledge / News / Textiles / Good week for oddments
Good week for oddments
Apr '11
The AWEX Regional Indicators finished 0.1% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 2%.

The season average of 1058¢ for the AWEX EMI is now 191¢ (22.1%) above the average to the same time last year.

47,905 bales were on offer, compared with 47,342 bales last week. 8.3% were passed in, comprised of 7.0% in Sydney, 5.9% in Melbourne and 13.2% in Fremantle. Pass-in rates for Merino fleece and skirtings were 8.6% and 9.9%, respectively. 43,919 bales were cleared to the trade.

The US exchange rate continued its climb, moving above 103¢ for the first time since passing 100¢ in October last year. The closing rate on Thursday evening was 17.8% above that at the beginning of the season. Financial commentators attribute the ongoing rise to improving global confidence since the Japanese earthquake and tsunami, rising commodity prices and greater in investment the Australian currency.

It was a steadier market this week with a 4¢ lift in the AWEX EMI following the 9¢ fall last Thursday. But, when looked at in US currency, the 4¢ translates into a 32¢ increase. Overall buying activity was firm, but not as strong as in previous weeks, with the greatest gains around 20 microns. The market finished with small increases in the Eastern Market Indicators on Thursday and a 9¢ easing in the West.

The closing EMI is up by 352¢ (34.1%) since the start of January and by 501¢ (56.8%) since the start of the season. The EMI in US currency (1429¢) is up by 84.7% since the start of the season due to a 17.8% appreciation in the US exchange.

Demand for skirtings was good, with the price movements varying between the three selling centres. As reported over the last three weeks, buyers are showing limited interest in the coloured / cotted / seedy types and jowls present in the East.

However, as also reported previously, seller reserve prices appear to be high as there were unusually high pass-in rates among the skirting types for the third week in a row. Crossbred wools showed little change apart from a fall of 13¢ in the 32 micron average AWEX MPG. It was a good week for oddments with strong demand for most types and the average AWEX Merino Cardings Price Guide up by 1.0%.

Buyers for China were dominant, with strong demand from buyers for India, Europe and Taiwan.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 49,050 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 41 and 42) are 40,317 and 42,700 bales, respectively; a decrease of 6.0% over the three sale period when compared with sales in the comparative weeks last year.

The fall in the offerings over the three week sale period is the first for some time as growers have been releasing wool from storage and / or brought shearing forward to take advantage of the excellent market. However, the year-on-year difference of -6% needs to be kept in perspective as the sale in Week 42 last year was a relatively large one following the Easter break.

In South African sales, the Cape Wools Indicator was up by 0.8% since last week against a 1.8% appreciation of the Rand against the US Dollar and a 2.4% appreciation against the Euro. 10,646 bales were on offer.

The Cape Wools Indicator is up by 49.3% in South African currency since the start of the season and by 58.7% in US currency.

Click here for more details

Australian Wool Industries Secretariat

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Vasanth Kumar
Max Fashion India

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

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao

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

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

January 2017

January 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