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Weekly analysis of the Australian Wool Market by Chris Wilcox, Executive Director of the National Council of Wool Selling Brokers of Australia.
Insight23 Nov 2015US wool trading on a clean basis was moderately traded with 214,763 lbs (97,417 kgs) of confirmed sales this week. Greasy wool sales were slow to moderate with 182,345 lbs (82,712 kgs) of confirmed sales.
Insight19 Nov 2015India became the largest producer of cotton this year, taking China off the top spot to a close second position. However, its textile industry seems to be facing an uphill struggle and is under serious threat as a result of its ambition to increase its global share in textile trade from 4.5% to at least 8-10% by 2020. Considering the ongoing slowdown in China’s overall economy and textile industry, India today faces major concerns.
