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LATEST
WOOL TRADING NEWS - May 2008 |
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AUSTRALIAN WOOL MARKET REVIEW (9 May 2008 )
The Australian wool market finished 2.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 20¢ (-2.2%), ending the week at 884¢/kg. This reflected decreases of 23¢ (-2.4%) in the North and 18¢ (-2.1%) in the South, with their corresponding Regional Indicators finishing the week at 927¢ and 849¢ clean, respectively. The Western Indicator fell by
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URUGUAYAN WOOL PRICES
Week 02/05/08 to 08/05/08 U$S per kilo greasy basis, farm-gate
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New Zealand Wool Market Report (8 May 20080
North Island: 7,100 bales Main buyers: Masurel 25%, NZWSI 21%, JSB 14%, IWL 14%, Fuhrman 10%. 14% Passed
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More US retailers to refuse Australian clips
Miami-based Perry Ellis, which supplies high end fashion men and women's clothing, says it doesn't support the use of clip technology, echoing moves by European retail giant Hugo Boss
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Formal process to identify non-mulesed wool
FORMAL process for identifying wool from mulesed and non-mulesed flocks will be available to growers in July this year. The Australian Wool Exchange Industry Services Advisory Committee is currently implementing a vendor declaration system to be completed by
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AWI New Chairman elected
Ian McLachlan has resigned as Chairman of Australian Wool Innovation (AWI) and will remain on the Board as a Director. Mr McLachlan had previously indicated that he would not be standing for election at the next AWI AGM. The Board has elected
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Fees to remain for Woolmark label
Details of Australian Wool Innovation's strategy for the Woolmark business were outlined at the International Wool Textile Organisation congress in China two weeks ago. LICENSING fees to use the Woolmark label will remain. However, these payments will be
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77th IWTO Congress
A number of interesting presentations were made at the Congress, in particular by Dr Meredith Sheil on the welfare of sheep during husbandry procedures. Mr Donald Hamblin updated delegates with alternatives to mulesing
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New Zealand North Island Drought broken
The long drought in the North Island of New Zealand that has battered the farming community has finally broken, farmers say. Farming leaders in the worst-hit areas in Waikato, Taranaki, Wairarapa and Hawke's Bay areas say good dumpings of rain and warm weather in recent days have turned into
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Newly Elected Executive for Ass Nazionale del Commercio Laniero
During the annual general meeting of the Associazione Nazionale del Commercio Laniero held in Biella on the 31st March 2008, Piercarlo Zedda was elected new president
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Curtis Wool Direct acquires Haworth Scouring & Combing
Curtis Wool Direct UK has announced that in association with its partners - Nortura - it has bought all shares in Haworth scouring and combing companies. Whitakers are no longer
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Free Trade Agreement between NZ and China
Chinese free trade agreement (FTA) has been reached with New Zealand. John Dawson, general manager of New Zealand Wool services International told Rural News that the new quota arrangement will give New Zealand an advantage over competitors in the Chinese market. The main benefit for the wool market in New Zealand would be
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Chinas RMB Appreciation transforms China
On April 10, the central parity rate of RMB dropped through the 7:1 barrier, standing at 6.9920 to the US dollar, according to the China Foreign Exchange Trade System, marking an historical moment for China’s economy. RMB appreciation is beginning to transform China from a labor power to
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The Flammability Performance of Wool Apparel
Dr Peter Ingham, Section Manager, Textiles Science & Technology
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UK economic growth still slowing
The UK economy grew 0.4% in the first three months of the year, as expected, but down from 0.6% in the last three months of 2007. The figures represented the weakest quarter-on-quarter growth since the first quarter of 2005, the Office for National Statistics said. The annual growth rate slipped to
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Aussie wool to lead the charge against pressure ulcers
South Australian based brand Shear Comfort® has launched an innovative new range of pressure-reducing medical products made from 100% Australian wool – which have the capacity to prevent pressure ulcers – a potentially life-threatening problem for people with prolonged immobility problems – and assist all year round in the healing
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FAWO - Support for Industry Commitment to 2010 Mulesing Deadline
The Federation of Australia Wool Organisations (FAWO), like others in the industry, is well aware of the recent publicity given to mulesing in Sweden and other Scandinavian countries; and the subsequent attention given to these matters in the
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Australian CSIRO’s wool scouring plant to close
A wool scouring plant of CSIRO Textile and Fibre Technology division, under the Geelong Textiles and Fibre Division, is about to close down its operation after June 30 this year. “Discussions are being held to determine what may
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Monforts Offers New Sanforizors
A. Monforts Textilmaschinen GmbH & Co. KG, Germany, now offers redesigned compressive shrinkage sanforizors for knitted and woven fabrics. The machines — Monfortex for wovens and Toptex for knits — feature increased residual shrinkage and production speeds, as well as a more efficient automatic grinder and edge
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South Korean economy slows down
According to the Bank of Korea, South Korea's economy slowed in the first three months of the year with growth at its lowest level since 2004. Gross domestic product grew 0.7% from the previous quarter, down from the 1.6% expansion seen at
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Strong Growth for South America
In the 2007 calendar year, Uruguay and Argentina's raw wool export volumes saw strong growth. The solid rise in raw wool export volumes from South America can be explained by strong demand for mid-micron wool from China amid growing shortages in Australia. Uruguay's top five export destinations by volume for
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Wooltrade Announces 200,000th bale Milestone
Wooltrade recorded its 200,000th bale sold since the company’s inception in 2001. Based at the Yennora Wool Centre, Wooltrade is Australia’s premiere wool electronic trading system with the majority of both brokers and exporters transacting wool on a daily basis. Rob Cornell from Ungarie in NSW sold this bale of 19.4 Micron Merino Fleece through
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The US economy, teetering on the edge of a recession
The US economy, teetering on the edge of a recession, expanded at a 0.6% annual pace in the first quarter, reflecting an increase in inventories as consumers retrenched and companies cut investment. The gain in gross domestic product, the sum of all goods and services produced, was more than
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