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Fibre2Fashion: Your source for media services, market intelligence, industry news, articles, and B2B solutions tailored for the textile, apparel, and fashion industries.
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12.6% supply drop could push Australian wool towards 1,989-cent - Textile Fashion News Fibre2Fashion
1+ week, 5+ day ago (192+ words) | 12.6% supply drop could push Australian wool towards 1,989-cent Fibre2Fashion - The move signals a brief mechanical reset, not weakening demand, with tight supply limiting wool input cost relief. When Australian wool auctions reopened after their three-week winter recess, the market’s benchmark indicator…...
Australian wool market rises on tight supply ahead of season end
2+ mon, 3+ week ago (231+ words) With no auction held in Fremantle and only Sydney and Melbourne operating, the market recorded its smallest weekly offering of the season. The EMI ended just 11 cents below the 2,000-cent mark, although it remained 127 cents below the record high reached…...
Australian wool market shows resilience amid currency headwinds
4+ mon, 4+ day ago (203+ words) The Australian dollar climbed above US 72 cents for the first time since 2022 following the Reserve Bank of Australia’s interest rate hike and continued weakness in the US dollar. The stronger currency created headwinds for local wool prices, though the broader…...