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Insight30 Nov 2015The wool market dropped by 0.3% this week and the Cape Wools Merino Indicator decreased by 41 points to close at a value of R135,40 (Clean). The Cape Wools All Wool Indicator weakened by 0.2%.
Insight30 Nov 2015The North Island auction received mixed support with the stronger New Zealand dollar having a limited impact in some areas. Of the 6,500 bales on offer 97.5% sold.
The evolution of Turkey’s textile and clothing industry, and the growing potential of the Turkish consumer market for wool products, were highlighted at the 2015 IWTO Wool Round Table.
The European Apparel and Textile Confederation (Euratex) is concerned that exports of textiles and apparel from EU countries to Russia are declining dramatically. It warned that while a formal ban on EU textile and clothing exports is not expected, customs processing difficulties are hindering supplies to a market already weakened by recession.