>>
Home / Knowledge / News / Textiles / Wool market follows South Africa in growing by 6.5%

Wool market follows South Africa in growing by 6.5%

14
Nov '08
The Australian wool market finished 6.5% higher, on average, at sales in Sydney, Melbourne and Fremantle this week. It was the biggest weekly lift in the market since October 2006, when the market was moving upwards at a rapid pace in response to concerns about supply due to deteriorating seasonal conditions.

The AWEX EMI rose by 43¢ (+5.9%), ending the week at 766¢/kg. This reflected rises of 45¢ (+6.0%) in the North and 41¢ (+5.8%) in the South, with their corresponding Regional Indicators finishing the week at 794¢ and 743¢ clean, respectively. The Western Indicator rose by 53¢ (+7.6%), finishing the week at 746¢. The greater lift in the Western Indicator was due to the relative absence of fine wools in the Fremantle sale. The fine wool rises were less than those in the medium and broader Merino types.

In a three day sale in Sydney and a two day sale in Melbourne, the AWEX EMI rose by 4¢ on Tuesday, by 11¢ on Wednesday and by 28¢ on Thursday. The Western Indicator rose by 23¢ on Wednesday and by 30¢ on Thursday in a two day sale in Fremantle.

43,661 bales were on offer, compared with 40,160 bales last week, of which 10.0% were passed in, comprised of 9.4% in Sydney, 8.3% in Melbourne and 15.3% in Fremantle. Pass-in rates for Merino fleece and skirtings were 11.1% and 7.0%, respectively. 6,567 bales (13.1%) were withdrawn prior to sale and re-offered bales made up 13.1% of this week's offering.

The US exchange rate (source RBA) was 1.39¢ higher on Monday when compared with Thursday of last week. It was then down by 1.39¢ on Tuesday, by 1.33¢ on Wednesday and by 2.04¢ on Thursday to close at 63.93¢, down 3.37¢ ( 5.0%) since the last sale. The exchange rate against the Euro fell by 0.97 Euro cents (-1.9%) to close at 51.32 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved up by 3¢ (+0.6%) in US terms and by 15¢ (+4.0%) in Euro terms when compared with the previous sale.

There were a number of factors which may have influenced the market this week, particularly the fall in the US exchange rate. We have also seen the Bank of England's 1.5% reduction in interest rates late last week and the announcement of $855 billion Chinese financial stimulus package this week. The latter may have stimulated confidence, but is difficult to know. Also, the market had finished on a more positive note last Thursday.

Rises in the AWEX Micron Price Guides (MPGs) for Merino wools varied from +1.8% (17 microns) to +8.4% (19.5 microns), with the 20 to 24 micron increases being around 7 to 8%. Average AWEX Micron Price Guides (MPGs) were up by 23¢ for 17.0 microns, by 51¢ for 17.5 microns, by 35¢ for 18.0 microns, by 42¢ for 18.5 microns, by 69¢ for 19.0 microns and by 76¢ for 19.5 microns. The 20.0 micron wool average MPG was up by 61¢ clean, 21.0 microns by 61¢, 22.0 microns by 56¢, 23.0 microns by 51¢, and 24.0 microns by 39¢.

Prices for Merino skirtings lifted sharply during the week to finish on a strong note. Crossbred types also lifted during the week with rises in their average MPGs by around 15¢ at the fine end, up by about 30¢ for medium types and by around 25¢ for coarse crossbreds. Oddments eased with the Merino average MPG down by 6¢ (-1.4%).


Must ReadView All

Pic: Shutterstock

Textiles | On 21st May 2022

China-S Korea trade exceeds $360 bn; 2-way investment crosses $100 bn

China-South Korea bilateral trade has exceeded $360 billion,...

Pic: Shutterstock

Apparel/Garments | On 21st May 2022

India’s RMG exports surged 16.4% in April 2022 in value terms

India's readymade garment (RMG) exports have registered a growth of...

Pic: Shutterstock

Textiles | On 20th May 2022

China reiterates call for tariffs cut after US official’s statement

After US treasury secretary Janet Yellen called for tariffs cuts on...

Interviews View All

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Jose Antonio Rodriguez,

Jose Antonio Rodriguez

From its foundation in 1968 as Fibras ESSO, after its acquisition by SAMCA ...

Folker Stachetzki,

Folker Stachetzki

Brother Internationale Industriemaschinen GmbH, the European subsidiary of ...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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

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

May 2022

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


Advanced Search