>>
Home / Knowledge / News / Textiles / Wool market under pressure due to negative sentiments

Wool market under pressure due to negative sentiments

31
Oct '08
The wool market remained under pressure in the wake of continued uncertainty in global markets and negative business sentiment and Cape Wools Merino indicator fell by 6,3% to close at R44,15/kg (clean).

With orders from overseas clients still declining, today' sale was supported by mainly local processors, who were buying to keep mills running.

While the rand had strengthened compared with last Wednesday's exchange rates, it remained volatile, creating further uncertainty. At mid-morning it was trading at around R10,22 to the US$, which was up 6,3% compared with last week.

At R13,03 it was 7,1% stronger against the euro, and had also gained 9,8% in value against the Australian dollar, which exerted further downward pressure on the local market.

Prices were softer across the board. Superfine wools dropped by almost 10%, while the fine to medium qualities weakened by between 3,7% and 5%.

A total of 7 451 bales was offered, of which 84% was sold. Major buyers were Chargeurs Wool (1623 bales); Stucken (1 443 bales); Segard Masurel SA (918 bales); and Modiano (903 bales).
Approximately 11 000 bales will be offered at next week's sale.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Dreamstime.com

Textiles | On 22nd May 2022

China raises support for economic growth by cutting lending rate

China recently cut the market-based benchmark lending rate to shore...

Pic Andrey Sirant | Dreamstime.com

Textiles | On 22nd May 2022

CPTPP helps boost Vietnam-Australia trade, investment cooperation

The Comprehensive and Progressive Agreement for Trans-Pacific...

Pic. Shutterstock

E-commerce | On 22nd May 2022

Strong momentum in China's cross-border e-com, rises 18.6% YoY in 2021

China's cross-border e-commerce has rapidly grown in the last few...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Eric Durivault,

Eric Durivault

<font color="#333333" face="Helvetica, sans-serif">IDELAM is a...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

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

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Gauri Verma, Label - The Jodi Life

Gauri Verma
Label - The Jodi Life

THE JODI LIFE is an Indian fashion label that creates ready-to-wear for...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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

ESTEEMED CLIENTS

FULGAR SpA
X-Rite Asia Pacific Limited (HK)
Saurer Textile Solutions Pvt. Ltd.
Indo Tex
Lacoste (Wanchai)
KAS Direct Sourcing
EPCH
Itema Weaving (India) Private Limited
DuPont de Nemours, Inc.,
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Lululemon Athletica Inc
SHAHI Exports Pvt Ltd
Desigual - ABASIC, S.A.
Benetton Group
Woolmark Services India Pvt. Ltd.
Page Industries Limited (Bangalore)
Thai Trade Center
Puma
SYNERGIES HONG KONG LIMITED
Weitmann & Konrad GmbH & Co. KG
Brückner Trockentechnik GmbH & Co. KG
BIANCA
DyStar India Pvt. Ltd
Groz-Beckert KG
THE BOMBAY DYEING ;& MFG.CO. LTD
Gap International Sourcing Limited
Infor (Hong Kong) Limited
Lisa S.P.A.
Alison Hayes Romania
Taiwan Textile Federation (TTF)
Cat Tuong Real Estate Group Joint Stock Company
Lectra Technologies India Pvt Ltd.
Colours India Inc
GHCL LIMITED
Shanghai  Aige Exhibition Service Co., Ltd
Phong Phu international JSC (PPJ)
Comasia Limited
Zünd Systemtechnik AG
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
CSGIA(China Screen Printing & Graphic Imaging Association)
Italian Trade Commission
Lenzing Aktiengesellschaft - India
Helly Hansen Far East Ltd
International Textile Manufacturers Federation
USTER
EMBEE CORPORATION
N9 World Technologies Private Limited
Hirdaramani International Export Private Limited
Gatsby Africa
G-Star Raw C.V.
LC Waikiki
Huntsman (Singapore) Pte Ltd
ITMA Services Pte Ltd
Bluesign Technologies Ag
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Kern – Liebers Textile
Performance Days
Lottmann Communications
H. Stoll AG & Company KG
Walmart
EUROVET ASIA LTD
Maceton Limited
Midas Clothing Limited
Aquarelle Clothing Limited
IDH – The Sustainable Trade Initiative
Karl Mayer Textilmaschinenfabrik GmbH
Copenhagen Fashion Summit
Jindal Worldwide Limited
Messe Duesseldorf
NITI Aayog
Guess Europe Sagl,
Lifestyle
Grasim Industries Limited
Asos
Pt. Peraga Nusantara Jaya Sakti
Alix Partners
Tory Burch Hong Kong Ltd
Flainox S.r.l.
APLF Limited
Meera Dyestuff Industries
Rieter India Private Limited
Applied DNA Sciences Inc
Esprit Europe Services GmbH
Coats Digital Limited
CGS Inc.
Amazon China
TEXVALLEY MARKET LIMITED
Decathlon
Mayer & Cie. GmbH & Co. KG
GERBER TECHNOLOGY LTD.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Inter Expo Center Ltd.
John Varvatos
Brandix Lanka Limited
Seasalt Limited
Calvin Klein
China World International Exhibition Company Limited
Istanbul Fuarcilik A.S.
Groz-Beckert East Asia LLP
Thermore (Far East) Ltd.
Arvind Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Thai Acrylic Fibre Company Limited
Officina Meccanica Dora Enrico Srl
Recron Polyester from Reliance Industries Limited
UBM China (Shanghai)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Loris Bellini S.r.l.
The LYCRA Company Singapore  Pte. Ltd
Restoque S.A.
Sainsbury's Argos Asia Limited
Vianney Textil Hogar S.A. De C.V.
Stahl Holdings B.V.,
Lenzing Aktiengesellschaft
Sportswear Company Spa
Etam Group Strategy Hong Kong Limited
IKEA of Sweden AB
TÜYAP IHTISAS FUARLARI A.S.
NV Michel Van de Wiele
Nandan Denim Limited
Vardhman Textile Ltd
JES MEDIA, INC
Tradewind International Servicing
Mesdan SPA
Permoda(Koaj/Armi/Pronto/Bkul)
Landmark Group
MAS Active / MAS Kreeda / MAS Bodyline
Centric Software
Eurofins BLC Leather Technology Centre Ltd
International Sourcing Expo Australia
Varner AS Retail
IFF Media Ag - International Media Services
PVH Corporation
Equinox Impex India
Gokaldas Exports Limited
Hela Clothing Pvt Ltd
Chico’ FAS
Target Corporation (MN)
IIGM Private Limited
Datacolor AG Europe
ZAITEX spa
Jiangsu Yingyang Nonwoven Machinery Company Limited
Savio Macchine Tessili S.P.A.
BRINKMANN GMBH
Indofil Industries Limited - Specialty & Performance Chemicals Division
Datatex Consulting Srl
Abit
FESPA (Reigate)
Aleph Srl
Under Armour Global Sourcing Ltd
Marzoli Machines Textile s.r.l.
Green Fibre
Bluestem Global Sourcing Limited
The LYCRA Company Singapore  Pte. Ltd
Eastman Chemical Company
Color Service s.r.l.
BTC Textiles LLC
Babyshop
Tommy Hilfiger
VNU Exhibitions Asia
Palexpo SA
Nihalani Events Management
BTSR International S.P.A.
Dow Silicones Corporation
OVS Hong Kong Sourcing Ltd.
Reiter India Private Limited
Sportmaster Ltd.
Kornit Digital Asia Pacific Ltd
Xtema - Thomas Lebherz Textilmaschinen
Rosset ;& Cia Limited
Chori Company Limited
Boardriders Asia Sourcing Limited
Splash
TESTEX AG, Swiss Textile Testing Institute
Newtech Textile Technology Development (Shanghai) Company Limited
Rayonese Textile Inc., Division de Culp Inc.
Truetzschler India Private Limited
T.T. Limited
G.A.S. unternehmenskommunikation gmbh
Tchibo GmbH
Haelixa AG
Recron Polyester from Reliance Industries Limited
K AND D ITMACH EXPOSITIONS LLP
The Top Form Brassiere Manufacturing Company Limited
Shima Seiki Mfg. Ltd.
Messe Frankfurt Exhibition GmbH
GIOVANNI BOZZETTO S.p.A.
TESCO INTERNATIONAL SOURCING LIMITED
C;&A Sourcing International Ltd
Zydex Industries
Gloria Jeans
Aramark Uniform ;& Career Apparel, LLC
H;&M Hennes ;& Mauritz (Far East) Ltd
J ;& P Coats
KIABI
BIMBA ;& LOLA SL
COTTON COUNCIL INTERNATIONAL
Tuyap Tum Fuarcilik Yapim A.S.

May 2022

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


Advanced Search