Home / Knowledge / News / Textiles / Wool prices continued to climb despite increase in supply
Wool prices continued to climb despite increase in supply
03
Apr '18
Courtesy: Kat Smith from Pexels
Courtesy: Kat Smith from Pexels
Wool prices in Australia have continued to climb since last season despite supply for the current season increasing by around 3-5 per cent relative to last year, the Australian Wool Innovation (AWI) has said in its March 2018 report. There are strong indications that the current price levels can be sustained and give a positive outlook for the industry.

“Wool remains at very competitive levels historically, despite pulling back slightly from the record highs seen over the past two months,” says AWI report. The Eastern Market Indicator (EMI) has risen somewhat consistently over the past 5 years, while the past 12 months has seen a very sharp rise in a short amount of time. The fast-paced nature of the rise left many in the market “catching their breath”. However, recent week-ending prices during the past month have fluctuated.

The Australian Wool Exchange export results show that an extra 5.3 per cent or 10.1 million kilograms of greasy wool has been sold this season compared to last, indicating that the market’s appetite for wool was not put off by the extra wool and was very quickly consumed by a number of countries including the major buyer, China. The Chinese currently take 74 of Australian clip, however this season China has imported a further 8.5 million kilograms, an increase of 6.1 per cent from the previous season. On the other hand, India has pulled back 1.6 million kilograms this season.

Wool prices overall remained steady in March 2018, with the EMI monthly average finishing March at 1782c/kg clean, a drop of 15c/kg clean since February. Despite this, the individual microns have had mixed results, wools of 17 micron and under continued to climb with 16.5 micron wools averaging more than 3000c/kg clean for the month of March. Wools above 17.5 micron and through to 20 micron have seen a lower adjustment over the month, dropping 30-40 c/kg clean. However impressive gains for microns between 21 micron and 30 micron have been seen in auction rooms across the month, particularly 23-26 micron which gained 70-80c/kg clean each.

A possible hindrance to further Merino price gains and an underlying factor to current price volatility is the mixed quality of wools being offered and the ebbs and flows of buyer exporter finance, or lack thereof. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Bangladesh apparel exports jump 20% in July–Oct 2018

Apparel/Garments | On 19th Nov 2018

Bangladesh apparel exports jump 20% in July–Oct 2018

Readymade garment exports from Bangladesh increased by 20.08 per cent ...

95% Britishers want shopping centres for all: Hammerson

Apparel/Garments | On 19th Nov 2018

95% Britishers want shopping centres for all: Hammerson

As many as 95 per cent of British people feel that shopping centres...

Courtesy: Hyosung

Textiles | On 19th Nov 2018

Hyosung leading global market with creora

Hyosung is leading the global market with ‘creora’, the brand name of ...

Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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


November 2018

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

news category


Related Categories:

Advanced Search