NZ wool – India export volumes growing

NZ wool – India export volumes growing

An interesting new development for strong wool is currently evolving. After many years of China being the dominant export destination for strong New Zealand wool (defined as fibre diameter greater than 35.4 micron), volumes to India have overtaken China for the first quarter of the 2020-2021 season.

One thought on “NZ wool – India export volumes growing

  1. India, basically is a price market. New Zealand wool prices have gone so low in last four months, they have become attractive compared to wool from countries like Italy, Saudi Arabia, Syria etc. (India normally imports huge quantities from these countries) NZ wool is now preferred over viscose, polyester etc that had replaced NZ wool in last few years for the price factor. The trend will continue till the prices are favourable with the Indian buyers.

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