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Latest Wool Trading News - December 2019

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China Exports Plunge After U.S. Tariffs

Shipments from China fell 25 % in the first half of 2019, including a steep decline in textile and apparel exports. Punitive tariffs by the U.S. on Chinese imports are hurting American consumers, who are bearing the brunt of these measures in higher prices, and are also adversely affecting Chinese exporters, with shipments down by 25%, or $35 billion, in the first half of 2019, a U.N. report said. The study which exa...

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Australian Wool Production falls as dry conditions continue

The Australian Wool Production Forecasting Committee (AWPFC) has updated its forecast of shorn wool production for the 2019/20 season. This third forecast is for production of 272 million kilograms (mkg) greasy, a 9.2% decline on the 2018/19 estimate of 300 mkg greasy. Committee Chairman, Russell Pattinson noted that “High adult sheep slaughter rates in 2018/19, which were up 16.0% on 2017/18, reduced the number of s...

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U.S.-China Trade Deal Inches Ahead, Shadowed by Risk of Failure

After almost two years of negotiations and escalations — and plenty of false dawns — trade negotiators from the U.S. and China are making progress in key areas even as concerns grow that efforts to nail down the first phase of a broader deal are stalling. However, it is anybody’s guess where this will head or how long it will take and the situation in Hong Kong is not helping. Some people close to the talks describe ...

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Australian wool auction sales – AWI Commentary (29 November 2019)

A tough week at the Australian wool auction sales. All types and descriptions on offer sold at levels generally 20 to 40ac lower than the previous week, apart from the carding sector which was broadly unchanged but did have minor movements both plus and minus within the category. As prices lowered, passed in rates rose and concluded at 14.2% nationally, with the majority of the wool being held back within the fleece ...

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New Zealand wool market Report (28 November) 2019

A limited but varied offering of types ranging from Xbd hogget fleece to later season Merino types saw the market deliver sluggish returns to growers compared to the previous Christchurch sale two weeks ago. Most of the resistance came from the Asian sector with buyers purchasing only hand to mouth orders. Compared to the previous Christchurch sale 14 November Xbd fleece 31 to 35 microns were 2 to 4% cheaper with the...

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wool2yarn magazines distributed worldwide

2019 wool2yarn global magazine has been distributed worldwide. Over 5000 textile companies in more than 60 countries have now received this issue. A main focus this year has been on Eastern Europe. ‘We have tried to provide a snapshot of what is happening in Eastern Europe regarding wool consumption and production’, says Victor Chesky Editor. ‘And of course we continue to focus on China, environmental issues, yarn an...

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NZ Sheep farmers to breed “low methane” sheep

In a world first, New Zealand sheep farmers now have the ability to breed animals that emit less methane. Beef + Lamb New Zealand (B+LNZ) Genetics has launched a “methane research breeding value”. Breeding value (BV) is a term used to help select important traits that ram breeders want to bolster within their flock (e.g. low methane-producing animals). The launching of this significant breeding tool is thanks to a10-...

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Cubbie Station sold to Chinese consortium

AUSTRALIA’s biggest irrigator, Cubbie Station, was sold to a Chinese consortium despite a home-grown bid to buy it for more than $250 million. Cubbie chairman Keith De Lacy, a former Queensland treasurer, revealed the group’s administrator had rejected a buy-back offer from Cubbie’s founders, the Stevenson and Brimblecombe families. But he declared the Australian consortium was still “ready, willing and able” to make...

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Edward Crutchley and Colovos win the 2019 International Woolmark Prize

Edward Crutchley and Colovos were announced the winners of the menswear and womenswear 2019 International Woolmark Prize, presented at a star-studded event during London Fashion Week. Crutchley was also announced the winner of the Innovation Award, celebrating the most innovative or sustainable approach to systems production, materials, textile design or product design. The award, staged at Lindley Hall was judged by...

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Wool for Wellbeing in Japan

The Campaign for Wool made a high-level appearance in Japan as part of a year-long series of events promoting British-Japanese relations.  The Great campaign, following Japanese Prime Minister Shinzo Abe’s visit to the UK in January, the British Embassy Tokyo, British Consulate-General and the British Council Japan began an ambi­tious, high-profile campaign entitled UK in JAPAN 2019–20 launched in September 2019 and ...

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Key Test Data Summary for October 2019

The monthly comparisons of Total Lots, Bales and Weight for October 2019 compared with the same period last season are: -6.3%, -4.4% and -3.8% respectively. The progressive comparison of Total Lots, Bales and Weight for July 2019 to October 2019 compared with the same period last season are: -11.6%, -11.2% and -10.8% respectively. AWTA Ltd has tested 95.6 mkg (million kilograms) this season compared with  107.2 mkg f...

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Textile Machinery- falling orders for third quarter 2019

The orders index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, from July to September 2019 was down by 10% compared to the same period in 2018. The value of the index came in at 97.4 points (basis: 2015=100). New orders for Italian machinery manufacturers were negative both in foreign markets and in Italy. Abroad, an 8% decrease was recorded, with an absolute in...

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NCWSBA opens historical display of wool broking in Sydney

The National Council of Wool Selling Brokers of Australia opened a wool broking industry historical display at the Sydney Wool Selling Centre in Yennora. The display celebrates the history of the wool broking industry in Australia and is a companion to the NCWSBA historical display in Melbourne.   NCWSBA President John Colley opened the display, saying “The Australian wool industry is an iconic part of Australia’s hi...

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