A Wild Ride for Wool Prices

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

Peru: Vertically Integrated and Forward Thinking

In today’s competitive sourcing arena, Peru is an ideal destination for producing high-quality apparel, given its 5,000-year history in textiles and ability to adapt to current market needs.

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

Euratex Says Uncontrolled Brexit Would Have a Grave Impact on the Textile Sector

A smooth Brexit. That's what the European Apparel & Textile Confederation Euratex is advocating in the hopes of keeping the intertwined supply chains of Europe and England functioning.

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