Between January and May 2022, the export of wool from Uruguay increased 8.2% in volume and 14% in dollars compared to the same period in 2021.
The Customs data records 13.2 million kilos sold abroad for US$ 71.4 millionyes
The proportion of worsted wool in exports is 56% this year, a higher percentage than in the last two years: 50% in 2020 and 52% in 2021. 23% of the wool was exported as dirty and 21% washed. . Combed wool revenues rose 44% up to May and accumulate US$ 40.6 million, in contrast to dirty and washed wool, categories in which turnover fell.
China continues to be the main destination, but the growth of the Egyptian market as a client of washed wool stands out.
“This year it acquired a very relevant role, experiencing an increase of 240% compared to the accumulated January-May 2021 and displacing China, which reduced its imports by 50%, to second place,” indicates a report from the Uruguayan Wool Secretariat ( SUL).
john samuel
Indicators of wool exports from Uruguay improved.
wool market
The exchange rate continues to command the wool price. This week the market started strongly in Australia and closed above the previous week, but on the second day it fell 0.7%, accompanying the depreciation of the Australian currency.
The Eastern Markets Indicator (IME) closed at US$ 10.21 per clean base kilowith increases at the finer end and for yarns between 20 and 21 microns, and downward adjustments in the rest of the categories, which were more pronounced in the thicker ones.
Wool of 26 microns fell 1.1% and those of 28 microns 0.7%.
With one week to go before the 2021/2022 harvest closes, the indicator is above the season average, which is US$10.04 per kilo.
At the local level, specific operations in fine wool with certifications are registered.
