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Latest Wool Trading News - September 2018

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A factory at the centre of a huge fire spewing toxic smoke over parts of Melbourne caused the postponement of this weeks’ Melbourne wool auction, and therefore a delay in our bringing auction results to you. The fire at the factory in Tottenham, brought Melbourne’s western suburbs to a standstill on Thursday morning. Authorities warned that the building contained asbestos. Residents were warned to stay indoors, and s...

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Australian wool production forecast to fall in 2018/19 due to tough season

The Australian Wool Production Forecasting Committee has updated its forecast for the 2018/19 season to 322 mkg greasy. This is a 5.7% decline on the Committee’s shorn wool production estimate of 341 mkg greasy for the 2017/18 season. The fall reflects an expected reduction in both the number of sheep shorn and average wool cuts per head as a result of the dry seasonal conditions across most of the country. Committee...

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Australian Wool Market Report (31 August)

The wool market recovered some of last week’s losses with an uplift of 22 cents in the AWEX Eastern Market Indicator this week. The auctions were programmed in a typical Wed/Thurs pattern however a large warehouse fire and associated exclusion zone around the Melbourne auction facility on Thursday resulted in a postponement of that sale-day to Friday. It was one of only three Friday sales in the history of AWEX (sinc...

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NZ Wool Market Report (30 August 2018)

South Island Sale compared to North Island sale on 23 August 2018. Bales on offer: 12592, bales sold: 11336 (90%) d Fine Crossbred Fleece 35 mic & finer – 2 to 4% dearer. Fine Crossbred Early Shorn 35mic& finer – 5 to 7% dearer. Coarse Crossbred Fleece 36 to 39 mic, good styles – 2% dearer, average styles – 4% dearer, poorer styles – 2% dearer. Coarse Crossbred Early Shorn and Second Shear 36 to 39 mic, 3/5 inch- 2 t...

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AWI – examines price ratios of wool relative to other fibres

In the latest AWI monthly report it examined in detail the price ratios of wool relative to other fibres, not only man-made commodity fibres but other natural fibres such as cotton and cashmere, the latter being of increasing relevance to wool rather than the former. It examined the ratios as a window into a changing dynamic for the demand for wool, and examine why it might be the case. Polyester, nylon and acrylic a...

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Australia’s drought continues to bite

Australia’s continuing drought is fuelling a drop in wool production. Such conditions may cause damage in many of the wool growing regions in Australia, at least in the short term, says the Australian Wool Innovation (AWI. And if there is no relief soon, the wool supply situation may get worse for the longer term.   But as wool has been attracting high prices, farmers have been shearing their sheep earlier than norma...

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Wool declared as non-mulesed and pain relief – lifts by 20%

Data from AWEX on the mulesing status of first-hand wool offered for the full 2017/18 season shows that there was a significant lift of around 20% in the number of bales declared as either Non-Mulesed (NM) or Pain Relief (PR). In a July press release the Council of Wool Selling Brokers of Australia said  – this increase took the share of NM wool to 11.5%, well above the 9.9% share recorded in 2016/17. The share of PR...

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US China trade wars get uglier

The U.S.’s trade war with China is about to get uglier according to Bloomberg. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump’s administration have gained the upper hand — and they’re set to unleash a fall offensive. Talks in Washington between the world’s two largest economies yielded little visible progress toward a cease-fire. Looming instead are new tar...

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AWI launches next phase of WOOLQ

AWI unveiled the next phase of its WoolQ online platform releasing three new features – the Industry Network Forum, My WoolQ and Ready Reckoner. Launched in March 2018, WoolQ is Australia’s first online wool industry platform that allows woolgrowers and industry participants to easily harness digital efficiencies across the wool-growing and selling cycle. WoolQ Project Sponsor Will Wilson said following the release o...

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China’s economy weakens

The earliest indicators for China’s economy show that the pace of expansion slowed for a fourth month in August, highlighting the pressure for the government to push through pro-growth policies. The data suggest the economy weakened further as demand from trading partners lost steam, with the decline in stock prices reflecting worsening sentiment. That’s according to a Bloomberg Economics gauge aggregating the earlie...

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Campaign for Wool – teaching students where wool goes

More than 120 pupils from schools throughout South Otago in New Zealand are now clued up about what happens with wool once it leaves the farm gate. The Woolshed has been at South Otago High School for the past two weeks.   Although it is called The Woolshed, it is actually a movable container which is part of the Wool in Schools programme funded by Campaign for Wool. It takes pupils through a hands-on learning experi...

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Australian Wool Industry Medal Recipients Announced

The Federation of Australian Wool Organisations Inc. (FAWO) has announced the 2018 recipients of the Australian Wool Industry Medal. The Medal recognises men and women who have made an exceptional and sustained contribution to the Australian wool industry.   The recipients are: Mr Tom Ashby SA, Ms Stephanie Brooker-Jones SA, Mr Trevor James SA, Mr Jim Marler NSW, Mr David Rowbottom VIC.   Mr David Michell, FAWO Chair...

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