Home / Knowledge / News / Textiles / EU debt crisis affects Australian fine wool prices

EU debt crisis affects Australian fine wool prices

25
Jun '12
European debt crisis has negatively impacted the prices of fine wool, especially in West Australia.
 
Usually, European nations buy Australian fine wool for preparing high-end fashion items. However, the ongoing debt crisis in Europe has led to a situation where fine wool costs have declined to almost same price level as the ordinary wool.
 
Last year, a kg of fine wool fetched around Au$ 6 more than ordinary wool, but this time the price gap has narrowed down to just 80 cents, the lowest since 2003, according to West Australian sheep farmers.
 
Experts say international buyers and retailers are cautious while purchasing wool items owing to the volatile global economy.
 
Moreover, Europe is confronted with several adversities, which has led to a fall in retail sales there and this is impacting demand and prices of Australian wool, particularly fine wool, as Northern European region consumes most of the Australian fine wool.
 

Fibre2fashion News Desk - India


Must ReadView All

Peru's CPTPP ratification likely to boost trade with Vietnam

Textiles | On 23rd Jul 2021

Peru's CPTPP ratification likely to boost trade with Vietnam

Peru's official ratification of the Comprehensive and Progressive...

Pic: Shutterstock

Apparel/Garments | On 23rd Jul 2021

Bangladesh to continue to attract FDI defying downturn: US

Bangladesh will stay resilient, continue to attract foreign direct...

Pic: Shutterstock

Apparel/Garments | On 23rd Jul 2021

Prime Content| Japan's clothing imports increase 4% in H1 2021

Japan’s imports of clothing and accessories increased by 4 per cent...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


July 2021

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


Advanced Search