. The Australian wool market, which had been riding high on a wave of fervent buying in recent weeks, saw a dramatic downturn in prices across various categories and descriptions during this week's auctions. What was once a bustling atmosphere of active participation quickly transformed into subdued buyer actions, leaving the market grappling with diminished enthusiasm.
Vietnam's consumer price index (CPI) experienced a slight uptick in April, primarily attributed to an increase in petroleum prices, according to data released by the General Statistics Office (GSO). The CPI rose by 0.07 per cent month on month (MoM) and by 4.4 per cent year on year (YoY), marking a modest yet noticeable fluctuation in the country's inflationary landscape.
Iran's textile industry has shown remarkable growth, with exports reaching $500 million in the previous Iranian calendar year (March 21, 2023, to March 19, 2024). This surge in exports underscores the industry's increasing significance on the global stage. The majority of Iran's textile products found their way to markets in neighboring countries, with Iraq, Afghanistan, and Russia emerging as key destinations, accounting for 26%, 18%, and 6.0% of Iran's total textile exports, respectively.