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Prices3 Apr 2018The South African wool market traded lower on 27-28 March, with the Cape Wools Merino Indicator decreasing by 438 points (2.5%) to close at a value of R172.64 (clean).
Prices3 Apr 2018The New Zealand wool market had a mixed performance at the North Island sale held on 28 March.
The Australian wool market experienced price corrections once again this week, with last week’s rises proving short-lived.
Prices26 Mar 2018Latest figures from the United States Department of Agriculture show China’s cotton supply for this 2017/18 market year was revised upwards in March, thanks to stronger imports. In India figures from the Cotton Association of India show – as of 31 January – expected cotton supply and demand are expected to rise 4.1% and 1.1% respectively. Increase in India’s cotton supply was driven mostly by a boost in domestic production – which managed to offset the year-on-year drop in imports. Demand, on the other hand, was driven by the domestic market, with exports so far projected to drop year-on-year. Provisional figures from the Office of Textile Commissioner reveal yarn production began with a 2.5% year-on-year growth in January 2018, driven by a year-on-year increase in production of blended yarn. Cotton and 100% non-cotton yarns also contributed towards the year-on-year rise in yarn production in India.
