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Nanjing Wool Market conference gets mixed response

The organisers of the 28th International Wool Trade Fair & Information Conference held in Wuxi China in September have got mixed views from delegates and speakers. The conference was attended by over 500 delegates with over 100 of them coming from outside China.

Also known as Nanjing Wool Market Conference, this is the annual meeting of global wool industry that facilitates discussion on current industry issues, future developments, and new market opportunities. Participants include wool exporters, major early wool processors, yarn and garment manufacturers and trade representatives from various countries, besides Chinese government officials.

Mostly due to government uniform orders, manufacturers of Chin are now focusing on finer wool. It is interesting to note that the specifications for these uniforms are now more precise with the government demanding better quality that will see the demand for 19 micron wool and below increasing. Commenting on the same, Cao Xiaojie, Professor, Fashion and Art Design Institute at Donghua University said that in order to retain its place in the uniform market, wool must compete with other fibres in the sector. It must offer better design and better quality.

The feeling about crossbred wool was not so optimistic. Some processors expressed concern about the huge stocks of crossbred wools in China and with challenging retail conditions in the country in particular, a drop in demand for double-sided fabric will see demand for crossbred wool go down.

More positively, Chinese manufacturers of winter wear are using much more wool in their garments than used earlier. Although the presentation from Madam Yang, Chairwoman of NWM/SDIC, painted a bleak picture of the industry, she noted that machines are still running and Chinese manufacturers will take advantage of opportunities both in China and overseas. She further went on to say that trade agreements for New Zealand and Australia will make their wool slightly more competitive and put pressure on prices for wools from Uruguay, South Africa, and Europe.

 
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