Industry News

Industry News

Merino wool prices have enjoyed a magical run so far in 2017, particularly wool of 18.5 microns and finer. Since the start of the calendar year to date, the EMI has risen by 10% In A$ and 12% in US$, while the 18 Micron Price Guide (MPG) has risen by 23% and 25% respectively and the 16.5 MPG is up by 30% in both A$ and US$. In contrast, medium Merino prices have risen by smaller amounts, with the 21 MPG lifting by 5% and 6% respectively so far in 2017.

Prices for the major textile fibres which compete with wool have risen in 2017, albeit at a slower rate than superfine wool prices. Cotton prices have done well, lifting by 12% so far in 2017, and prices for acrylic have also lifted solidly, up by 18%. Polyester staple fibre and viscose prices have both risen by 3%. In terms of other animal fibres, cashmere prices are 7% higher so far in 2017, although they have weakened a little in recent weeks. Angora prices are up by 6%. So, while textile fibre prices have increased in 2017, superfine wool has been the star performer.

Full details including a chart showing the price relativity of 18 micron, 21 micron and 28 micron wool against other fibres is included in the NCWSBA Weekly Newsletter for the week ending 26th May 2017. Available to NCWSBA members.

National Council of Wool Selling Brokers of Australia

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