Despite a strengthening in the Australian dollar, wool prices in key markets have risen slowly and steadily so far in 2016, according to data published by the Woolmark Company.
The benchmark Australian Eastern Market Index (EMI), which ended 2015 at $4.12, increased to $4.22 during the week ended Mar. 18, a year-to-date increase of $0.10 per pound, or 2.4%.
The increased value of the Aussie dollar against other key trading currencies makes Australian wool more expensive to foreign buyers. Although in the first several weeks of the year currency values tended to slow market activity, as buyers held back on purchases for fear the currency would retreat, by mid-month demand picked up across the board as the currency showed no signs of weakening.
Pantone is going back to the great outdoors for inspiration and turning to Muse for its Spring/Summer’18 color forecast.Read more
In a letter to Bangladesh Prime Minister Sheikh Hasina Wazed, the American Apparel & Footwear Association (AAFA) addressed ongoing wage concerns, labor leader arrests and worker terminations.Read more
Clemson University is receiving major financial assistance for future textile innovation.Read more
The race to the bottom for apparel prices has resulted in a myriad of unintended consequences for garment workers around the globe. And they’re not contained to developing nations.Read more
Whether it’s athleisure, the rising trend in comfort clothing or technology for smarter outerwear, customers are after fabrics with function.Read more
Often politicians are accused of making empty promises in order to get elected. President Donald Trump has proven to be anything but a typical politician, however.Read more