Home / Knowledge / News / Textiles / Wool market unchanged; Crossbreds fares better

Wool market unchanged; Crossbreds fares better

15
Mar '10
The Australian wool market was unchanged, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 1.4%.

The closing EMI has averaged 922¢ since January compared with 838¢ in the first half of the season.

In a smaller sale, 35,200 bales were on offer, compared with 43,257 bales last week, of which 10.0% were passed in, comprised of 6.3% in Sydney, 7.2% in Melbourne and 17.2% in Fremantle. Pass-in rates for Merino fleece and skirtings were 13.3% and 4.8%, respectively.

940 bales (2.6%) from the expected offering of 36,140 bales were withdrawn prior to sale and re-offered bales made up 10.4% of the final offering. 31,689 bales were cleared to the trade.

The market was held down on Wednesday by a fall in prices that was more noticeable at the fine end. AWEX reported that there were significant discounts for low Staple Strength and high Mid Breaks values in the North on Wednesday. A stronger market on Thursday saw good gains from 19.5 to 22 microns in the South and the West. Other MPGs were either unchanged or slightly up. The market finished on a good note with the EMI and other Indicators well up in US and Euro currencies due to the appreciating exchange rates.

Skirtings were a bit mixed, but generally finished the sale in good demand. Crossbreds fared better this week in a smaller offering. Their average MPGs were up by around 1% on average. Oddments also had a better week after two weeks when demand was below that seen during the season. The average Merino Cardings MPG was up by 16¢ (+2.4%) for the week and 157¢ (+31.5%) for the season.

Buyers for China were again dominant, followed by buyers for Taiwan, Europe and India.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 45,334 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 39 and 40) are 40,720 and 45,500 bales, respectively; a decrease of 4.8% over the three sale period when compared with last year.

In South African sales, the Cape Wools Indicator was down by 2.6% since last week against a 2.2% appreciation of the Rand against the US Dollar and a 2.5% appreciation against the Euro. 9,464 bales were on offer.

Click here for more details.

Australian Wool Industries Secretariat


Must ReadView All

Pic: Shutterstock

Textiles | On 8th May 2021

French Development Agency to invest $83m in Ivory Coast cotton sector

Over a period of five years, the French Development Agency (AFD) will ...

Pic: Juki

Apparel/Garments | On 8th May 2021

Japanese companies collaborate to develop sewing machine business

Juki Corporation and Pegasus Sewing Machine Mfg have entered into a...

Pic: Rocky Brands

Apparel/Garments | On 8th May 2021

Rocky Brands expands Made in America capabilities

Rocky Brands has expanded the offering of its Made in America product ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Shyam Gupta,

Shyam Gupta

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

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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


May 2021

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


Advanced Search