Home / Knowledge / News / Textiles / Prices falter at Australian wool auction market
Prices falter at Australian wool auction market
May '17
Following a few weeks of uncertainty and mixed sentiment, the Australian wool auction market this week finally relented to a weakening price versus demand scenario. Prices for all types and descriptions across the Merino offering faltered somewhat and falls of varying degrees occurred, the Australian Wool Innovation said in its Wool Market weekly report.

However, the crossbred and carding sectors bucked the trend and stayed relatively firm around the established basis, said the report for the week ending May 26.

The AWEX eastern market indicator (EMI) decreased by around 1.8 per cent for the week or 27ac/clean kg to close the week at 1495ac/ clean kg. The stronger AUD v USD led to a smaller fall of 12usc/ clean kg to 1123usc/clean kg when the EMI is measured in US dollars, the report for sale week 47 of the current season said.

The selling week results went largely to the pre sale expectations of buyers and exporters. A sudden lack of interest from many of the larger overseas users had buyers on the back foot and reticent to continue their buy then sell approach to trading. As sales commenced the atmosphere was rather subdued, with coverage of previously sold forward orders seemingly the dominant reason for buying. Buyers were extremely selective throughout the sale week, resulting in some lots being well below their reserve. As such, the week saw growers resisting the lower levels, and over 15 per cent of the wool on offer for the week was passed in.

The selection and type of merino wool is still being dominated by the generally heavier vegetable matter (VM) levels. The 19.5 to 22 micron descriptions held on rather well in comparison to their finer counterparts and losses were limited to a general 15 to 25ac/clean kg. All merino skirtings stepped down pricewise in line with the fleece.

In stark contrast to the merino segment of the market, crossbred types met with good competition and despite the stronger AUD, managed to stay on or about their existing price levels. Again the same with the cardings sector as prices held then strengthened as the season-long strong demand continues.

Just 30,000 bales would be on offer at next week’s auction. Volumes are diminishing but so apparently are the fresh sales required from overseas, the report said. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Mario Crosta

Textiles | On 23rd Oct 2018

'Global textile machinery market may grow at 14% by 2020'

Analysts have predicted that the global textile machinery market may...

Cotton production and exports in West Africa. Courtesy: FAS/USDA

Textiles | On 23rd Oct 2018

Record cotton production to drive West Africa exports

Cotton exports from West Africa for 2018-19 are projected to surpass...

Courtesy: Prudence Earl on Unsplash

Textiles | On 23rd Oct 2018

Sri Lanka's textile exports up 4.7% in Jan-July '18

Sri Lanka’s earnings from textiles and garments exports increased by...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Rikesh Mistry,

Rikesh Mistry

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

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Dave Rousse, INDA

Dave Rousse

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

Akta Adani, India Boulevard

Akta Adani
India Boulevard

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

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2018

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

news category

Related Categories:

Advanced Search