Home / Knowledge / News / Textiles / Wool market review - 22nd June, 2007

Wool market review - 22nd June, 2007

22
Jun '07
The Australian wool market finished 2.9% lower, on average, at sales in Sydney and Melbourne this week.

The AWEX EMI fell by 29c (-2.9%), ending the week at 956c/kg clean. This reflected decreases of 29c (-2.9%)and 28c (-2.9%) in the South, with their corresponding Regional Indicators finishing the week at 982c and 935c clean respectively. With no sale in Fremantle, the Western Indicator remained unchanged at 980c.

Prices remain at high levels despite the sharp fall during the week. When compared with the start of the upward movement of the market in October, the EMI and the Northern, and Southern and Western Indicators are now up by 215c (29.0%), 216c (28.2%) and 215c (29.9%), respectively.

19 to 23 micron average AWEX micron Price Guides (MPGs) are up by 227c to 247c clean over the period and by 194c for 24 micron wools. At the fine end, the changes are 159c for 17 micron wool, 211c for 17.5, 190c for 18 and 219c for 18.5 micron wool.

26,289 bales were on offer, compared with 48,293 last week, of which 14.7% were passed in, comprised of 12.7% in Sydney and 17.0% in Melbourne. Pass-in rates for Merino fleece and skirtings were 19.4% and 9.4% respectively. 872 bales (3.2%) were withdrawn prior to sale and re-offered wools made up 10.3% of this week's offering.

The US exchange rate (RBA) was 0.5c lower on Monday when compared with Thursday of last week. It decreased by 0.15c on Tuesday and increased by 0.28c on Wendesday before falling by 0.10c on Thursday, to close at 84.58c, up 0.72c (-0.9%) since the last sale.


Must ReadView All

Pic: UNCTAD

E-commerce | On 19th Sep 2021

Switzerland commits $4.4 mn for UNCTAD’s e-com, digital economy work

Switzerland recently announced a contribution of $4.4 million to the...

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

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

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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