Home / Knowledge / News / Textiles / Slightly easier New Zealand dollar improves wool prices

Slightly easier New Zealand dollar improves wool prices

30
Aug '12
New Zealand Wool Services International Limited reported that the slightly easier New Zealand Dollar and increased international demand combined to improve most wool prices this week. 

Of the 13,100 bales on offer 79 percent sold. The weighted indicator for the main trading currencies dipped 1.2 percent, helping local price levels. Recent lower market levels and slowly reducing stock levels in the manufacturing pipeline have helped stimulate recent buying with China beginning to lift their activity. 
 
Fine Mid Micron Fleece under 28 microns were firm to 3 percent easier with the coarser end 2 to 4 percent dearer. Fine Crossbred Fleece gained 2 to 3.5 percent reflecting Chinese interests. 
 
Good Style Coarse Crossbred Fleece remained firm with average styles firm to 3 percent dearer. Coarse Shears were generally firm to 1.5 percent stronger except the 2 to 3 inch wools which lifted 3 percent. 
 
A nominal offering of First Lambs were firm to 1.5 percent dearer. Oddments came under strong competition lifting 6 percent for all categories. Well spread competition with China, India and United Kingdom principals, supported by Western Europe, Australasia and the Middle East.

New Zealand Wool Services International Limited


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 2nd Aug 2021

Vietnam surpasses Bangladesh as 2nd biggest garment exporter: WTO

Bangladesh recently lost its rank as the second largest apparel...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

Euro zone economy expands by 2% in Q2 2021: Eurostat

The 19-member euro zone financial system expanded by 2 per cent in...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

US real GDP increases at annual rate of 6.5% in Q2 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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