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Latest Wool Trading News - May 2015

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Australian wool production predicted to ease in 2015/16

The Australian Wool Production Forecasting Committee (AWPFC) has set its forecast production for the 2014/15 season at 341 million kilograms greasy for the 2014/15 season, the same as the estimate for the 2013/14 season. The AWPFC has also made its initial projection for the 2015...

Australian carding wool prices keep rising

The price for Australian carding wools has been rising steadily, according to Paul Ferronato Wool Trading Manager at Victoria Wool Processors. He attributes this price increase to a rising demand particularly in the domestic sector in China, and limited supply coming onto the mar...

Australian Wool Market review (AWIS 24 April 2015)

  The AWEX EMI finished 23¢ higher (+2.0%) in Australian currency and 18¢ higher (+2.1%) in US currency at sales in Sydney, Melbourne and Fremantle this week. 46,370 bales were on offer nationally, compared with 54,229 bales last sale. 1.9% of the offering was passed in, the lowe...

NZ Wool price steady as volumes fall back

New Zealand wool prices remained steady at the latest weekly auction as volumes decline following the end of the main shearing season. The price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand’s production, ...

Review to Australian selling system due soon

Australian Wool Innovation has initiated an independent review of Australia’s wool selling system after instability in the wool market, particularly at the fine end. According to AWI, the objective of the Wool Selling Systems Review is to improve the returns that wool growers rec...

30th May advertising deadline looms for 2015 Wool Magazines

The 2015 WOOL EXPORTER CHINA and WOOL TRADE INTERNATIONAL magazines will be published in September. These magazines are published once each year and companies interested in booking advertising space should contact Victor Chesky at Victor Chesky, Editor of the...

Potential of USA to lift consumption of wool.

The Woolmark Company (TWC) has published a report on the potential of USA to lift consumption of wool. In this report TWC ranks the US second on the “country heat map” that lists countries by strategic importance, China being the only country above it. With a large population of ...

Better Reporting of Wool’s Environmental Performance

A recently published scientific study paves the way for better reporting of wool’s environmental performance, proposing a new set of methods for use in life cycle assessments of wool where wool is produced alongside meat or milk. Known as dual or co-production systems, many sheep...

NZ Wool-dyeing process tipped a ‘fantastic’ revenue earner

A New Zealand-developed process for dyeing wool hailed as a world first in the textile industry has been snapped up by a US active wear manufacturer according to an article published in NZ Herald newspaper. Developed by NZ AgResearch in Lincoln, the technology enables wool to be ...

China plans greater yuan convertibility

China plans to take a giant step toward making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its Free Trade Zones (FTZ), before taking the scheme nationwide later this year. Reuters News says this plan underl...

South African wool to be celebrated in Cape Town (7 – 12 April 2015)

Wool Week Cape Town celebrates ideas, new creations and the infinite possibilities of wool. Fashion, décor, design and architectural uses of wool showcased through weeklong celebration at V&A Waterfront. April Visitors to the V&A Waterfront can look forward to a fusion of creativ...

Funding for Australian sheep industry research

According to reports published in West Australia press work is underway on a merino trial in WA’s Great Southern region, which is just one new project being funded by a $10 million State Government program to develop the sheep industry. Department of Agriculture and Food (DAFWA) ...

Alpine apparel firm sources Tasmanian merino wool

From making avalanche survival equipment to high performance sportswear, the German company Ortovox is carving a niche. Its quest for high performance alpine apparel and equipment has bought the business to Tasmania to source wool. The company will source more than 500 bales of m...

Mohair sets the trend at the 2015 Mercedez Benz Fashion Week South Africa

Mohair South Africa (MSA) recently attended the distinguished Mercedez Benz Fashion Week in Johannesburg to support one of the biggest names in fashion and an icon in the industry, Marianne Fassler, of Leopard Frock. Fassler included mohair and silks in her beautiful range that l...

Two technological workshops in Vietnam for Italian textile machinery

Among the emerging markets for textile machinery, Vietnam is one of the most promising one. The heading target for the local authorities is to raise Vietnam up to the leading textile and apparel export Countries. Then there are strong reasons to forecast a further growth of secto...

China’s urban job creation slows

China said that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be “blindly optimistic” as the pace of job creation is slowing. The urban unemployment rate was at 4.05 percent at t...

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