Home / Knowledge / News / Textiles / Australian Wool market report

Australian Wool market report

02
Feb '07
In the largest sale of the season, the Australian Wool market finished 0.6% higher, on average, at sales in Sydney, Melbourne and Fremantle.

The AWEX EMI increased by 5¢ (+0.5%), ending the week at 931¢/kg clean. This reflected an increase of 13¢ (+1.4%) in the North and a decrease of 2¢ (-0.2%) in the South, with their corresponding Regional Indicators finishing the week at 966¢ and 901¢ clean respectively. The Western Indicator fell by 33¢ (-3.4%) from the last sale two weeks ago, finishing the week at 943¢/kg clean. This compares with an identical downward movement in both the North and the South over the same period.

Compared with the start of the upward movement in the market in October, the EMI and the Northern, Southern Indicators and Western Indicators are up by 190¢ (25.6%), 200¢ (26.1%), 181¢ (25.1%) and 226¢ (35.1%), respectively. 19 to 23 average AWEX Micron Price Guides are up by 223 to 254¢ over the period and by 171¢ for 24 micron wools. At the fine end, the changes are 136¢ for 17 micron wool, 162¢ for 17.5, 180¢ for 18 and 198¢ for 18.5 micron wool.

81,448 bales were on offer (compared with 45,663 last week when only Sydney and Melbourne sold), of which 8.5% were passed in, comprised of 5.1% in Sydney, 7.2% in Melbourne and 12.7% in Fremantle. Pass in rates for Merino fleece and skirtings were 9.3% and 5.3% respectively. 5020 bales (5.8%) were withdrawn prior to sale and re-offered wools made up 10.5% of this week's offering.

The US exchange rate was 0.99¢ lower on Monday when compared with the Wednesday of the last week. It decreased by 0.07¢ on Tuesday, by 0.12¢ on Wednesday and increased by 0.31¢ on Thursday to close at 77.51¢, down 0.87¢ (1.1%) since the last sale. The exchange rate against the Euro decreased by 0.67 Euro cents (-1.1%) to close at 59.47 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI decreased by 4¢ in US terms and by 3¢ in Euro terms when compared with the previous sale.


Must ReadView All

European Commission proposes new EU GSP for 2024-2034 period

Textiles | On 24th Sep 2021

European Commission proposes new EU GSP for 2024-2034 period

The European Commission recently adopted the legislative proposal for ...

Pic: EURATEX

Press Release | On 24th Sep 2021

EURATEX president Paccanelli urges for support to tackle energy crisis

European Apparel and Textile Confederation (EURATEX) has announced...

Pic: Shutterstock

Apparel/Garments | On 24th Sep 2021

UK competition watchdog to crack down on green fashion claims

To help businesses understand how to communicate their green...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

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


September 2021

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


Advanced Search