A Wild Ride for Wool Prices

Print Friendly, PDF & Email

Wool prices in key Australian markets continued sharply higher in May as the stronger Aussie dollar and brisk demand for Merino counts pushed the benchmark Australian Eastern Market Index (EMI) up by more than 13 percent for the month, from $4.24 to $4.59.

The rally continued into early June, with strong demand for all types and descriptions of the fiber pushing prices to finish the week ended June 5 at a peak of $4.81.

However, over the next few weeks the bottom started to fall out of the market with an increase in quantities for sale appearing as if like magic despite the projected decline in shorn wool production.

Prices finished down by almost 7 percent in June, at $4.27, though well above the lows seen in February and March.

wool


Recent News

Report: Brands Strive for Transparency, Held Back by Technology

A recent report highlights how transparent, compliant supply chains benefit all aspects of apparel businesses—though only some companies can overcome inherent challenges to reap the rewards.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Sourcing Scoop: Spencer Fung on the Fate of Li & Fung’s Business in the Face of Accelerating Disruption

Though Li & Fung has been working on its new Three-Year Plan to digitize and speed up the supply chain and its evolution to agent 2.0, the business has still hit on hard times as retail wriggles out of its old skin and into a new life.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Report: Textile Exchange Shows Preferred Fiber Uptake is Greater than Ever Before

Textile Exchange, the global non-profit that promotes the adoption of preferred fibers, integrity and standards and responsible supply networks, has released its largest preferred fibers report ever in the number of participants and areas of coverage.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more