;
Home / Knowledge / News / Textiles / Western Wool Indicator continues to fall
Western Wool Indicator continues to fall
09
Apr '08
The Australian wool market finished 0.3% higher, on average, over the two week break at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 6¢ (+0.6%), ending the week at 967¢/kg. This reflected increases of 2¢ (+0.2%) in the North and 10¢ (+1.1%) in the South, with their corresponding Regional Indicators finishing the week at 1005¢ and 935¢ clean, respectively.

The Western Indicator fell by 5¢ (-0.5%), finishing the week at 951¢. The difference in the change in the Western Indicator can be attributed to an absence of fine wool types in that region's Indicator. The greatest gains in the East occurred at the fine end.

In a three day sale in Sydney and Melbourne, the AWEX EMI rose by 3¢ on Tuesday, by 5¢ on Wednesday and fell by 2¢ on Thursday. The Western Indicator fell by 4¢ on Wednesday and by 1¢ on Thursday in a two day sale in Fremantle.

65,752 bales were on offer, compared with 44,675 bales at the last sale (when only Sydney and Melbourne sold), of which 14.2% were passed in, comprised of 9.3% in Sydney, 9.0% in Melbourne and 24.2% in Fremantle. Pass-in rates for Merino fleece and skirtings were 12.7% and 21.0%, respectively. 2,053 bales (3.0%) were withdrawn prior to sale and re-offered bales made up 11.1% of this week's offering.

The US exchange rate (source RBA) was 1.45¢ lower on Monday when compared with Wednesday of the last sale. It was down by a further 0.78¢ on Tuesday and by 0.23¢ on Wednesday before gaining 0.62¢ on Thursday to close at 91.41¢, down 1.84¢ (-2.0%) since the last sale.


Must ReadView All

12 Asian garment firms to operate in Haiti by mid-2019

Apparel/Garments | On 13th Dec 2018

12 Asian garment firms to operate in Haiti by mid-2019

At least a dozen Asian garment manufacturing companies will start...

Pakistan evolving export-oriented policies: top official

Textiles | On 13th Dec 2018

Pakistan evolving export-oriented policies: top official

Pakistan is evolving export-oriented policies and is committed to...

No-deal Brexit would drop output, UK firms caution: survey

Textiles | On 13th Dec 2018

No-deal Brexit would drop output, UK firms caution: survey

British businesses expect a sharp drop in output if the United...

Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


December 2018

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

news category


Related Categories:

Advanced Search