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Latest Wool Trading News - December 2016

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Debunking the myth that wool is an allergen

A high-powered group of medical professionals from across the world have reviewed research papers published during the past 100 years to critically assess scientific studies claiming wool causes allergy. In the article published by AWI this new analysis found no evidence that wool is an allergen, and if a fabric does cause any sensations of itch and prickle on the skin then it is because of the large diameter of the ...

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2016 wool2yarn magazines reach readers in 60 countries

These publications have been sent to readers around the world and will be received in the next couple of weeks. wool2yarn global magazine is an English language publication and the 2016 issue has been printed and is being sent to 5000 companies worldwide. It is widely read by wool buyers, manufacturers of tops and yarn, and fabric manufacturers in over 60 countries. ‘Our 2016 wool2yarn China magazine is a Chinese lan...

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AWI Australian Wool Market Commentary (24 November 2016)

An extraordinarily strong selling week at Australian wool auction markets. The Merino sector has a hit a sweet spot with our overseas customers with many buyers appearing to be bidding without a selling price at times this week. Prices rose constantly during selling in an auction wee that saw all Merino types on offer 60 to 80ac clean/ g dearer by the close.   Cardings came under pressure too and progressed 40ac clea...

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New Zealand Wool Market Report (24 November 2016)

7250 bales of North Island wool on offer saw a 72 percent clearance with most types easing further. Some good colour types resisted this trend as buyers continue very focused buying with targeted better style wools getting more support.   The weighted indicator for the main trading currencies was 0.64 percent lower than last week’s sale, having minimal positive impact.   Subdued demand and continued uncertainty aroun...

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South African Wool Market 1,0% Lower (23 November 2016)

Port Elizabeth – The wool market traded 1,0% lower this week and the Cape Wools Merino Indicator decreased by 152 points to close at a value of R153,18 (Clean). On the Australian market, the EMI increased3,2%. The Cape Wools All Wool Indicator lost0,5%. The wool market invariably reflected the Rand’s intraday gains to the US Dollar which saw prices ease slightly. The demand for South African wool remains healthy and ...

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e-commerce marketplace from TWC

The Woolmark Company has launched an e-commerce marketplace on its consumer-facing website,, making Merino wool products more discoverable for consumers worldwide. Called Merino Shop, this online tool is powered by ShopStyle and allows consumers to browse the world’s finest wool clothing and accessories. This website was designed and developed by global digital marketing agency Lowe Profero. As an ingredie...

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Collaboration and cooperation key for British wool’s future

Last week’s British Wool Marketing Board (BWMB) annual conference in Leeds was told there are opportunities going forward for British wool but it was essential all parts of the wool industry collaborated and cooperated.   It was innovation in the form of collaboration which had driven a resurgence in one of the most iconic wool products, Harris Tweed, explained Mark Hogarth, creative director at Harris Tweed Hebrides...

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Fall in NZ sheep numbers reflects carryover of dry conditions

This season’s lamb crop is expected to fall by 5.7 per cent compared with last year, says Beef and Lamb New Zealand in its latest season outlook. The farmer-funded industry group said the crop’s expected decline to 1.5 million head would be due to breeding ewe lambing percentages easing 1.7 percentage points, fewer breeding ewes, and fewer lambs from hoggets compared with the previous season. In the June year, New Ze...

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Fed policymakers confident of need for rate hikes

USA Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed’s Nov. 1-2 meeting showed. The minutes released on Wednesday (23 November) back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing costs unchanged earlier th...

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AWI AGM 2016 – the WEP gets a green light

At its Annual General Meeting (AGM) today, Australian Wool Innovation (AWI) reported on a positive year of delivering research, development and marketing for woolgrowers and signalled a stronger digital future. Addressing the meeting and via webcast, AWI CEO Stuart McCullough referenced the 2016/19 Strategic Plan the company now works to. He outlined how the industry enjoys a strong position, buoyed by increased dema...

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US economic growth in Q4

New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month following the election of Donald Trump as the next presid...

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Ludwig Beck launches Merino wool collection

Customers visiting the popular Ludwig Beck department store in the heart of Munich have been treated to a ‘farm to fashion’ wool showcase – from a ‘virtual reality’ tour of an Australian sheep farm, to viewing a full variety of Merino wool apparel sold at the premium retailer. The ‘Ludwig Beck Inspired by Wool’ initiative was launched as part of the Campaign for Wool to enthuse the store’s customers to learn more abo...

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Egypt will allow its currency to float freely

Egypt will float its currency in a move that is expected to see it fall by almost 50% against the dollar. The price is expected to be around 13 to the US dollar, up from just under nine. The country’s central bank said the move was one of a list of reforms designed to strengthen confidence in the economy. Egypt’s main stock index jumped by more than 8% at the start of Thursday trading. The central bank has also incre...

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ECB warns of political uncertainty risk to eurozone

Political uncertainty is putting the eurozone’s financial stability at risk, according to the European Central Bank (ECB). The Brexit referendum and the US election both ratcheted up what it calls its “composite indicator of systemic stress”. It says the 19 countries that use the euro could be hit by trade wars, higher inflation and rising US interest rates. In a worst-case scenario, the ECB says, this could reignite...

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Interested in reaching buyers in China? Advertise in wool2yarn China magazine and reach major importers of wool and speciality fibre, topmakers, spinners, weavers and textile companies in China, in their own language, breaking down the language barrier. This publication is circulated to 5000 major textile companies in China, Hong Kong and Taiwan and is a buyer’s guide and information source for the year ahead. See More.

Reach buyers in 58 countries – advertise in wool2yarn global magazine. Published once each year (September) it is circulated to over 5000 textile companies. Readership includes importers of wool and speciality fibre, topmakers, spinners and weavers, manufacturers of yarn, knitwear, carpet, and blankets, producers and importers of fabrics, bedding products, garment manufacturers, and brands and retail chains. See more.

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