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Latest Wool Trading News - January 2017

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The team at wish all readers and advertisers a Merry Christmas and Happy New Year. We take this opportunity to acknowledge your support and look forward to bringing you all the latest news again in 2017.

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Australia forecast wool production higher in 2016/17

The Australian Wool Production Forecasting Committee (AWPFC) has revised its forecast of shorn wool production for the 2016/17 season to 332 million kilograms greasy, a 2.2% increase on its final estimate for the 2015/16 season. Committee Chairman, Russell Pattinson said that “almost all major sheep producing areas across Australia are reported to be experiencing very good to excellent season conditions and an abunda...

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AWI Australian Wool Market Commentary (16 December 2016)

The final sale of the first half of the wool selling season was held at Australian wool auctions this week. Wool auction sales will now be in recess for the next 3 weeks. On commencement of the week, this appeared to be pivotal point of the year which could determine the immediate prospects for the continuing good fortune for wool prices. Early thoughts were that one of the largest offerings in recent memory and the ...

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New Zealand Wool Market Report (15 December 2016)

The combined North and South Island wool auctions this week comprising 13600 bales saw a 79 percent clearance with most types continuing to ease.   The weighted currency indicator was down 0.46 percent compared to last week, having nominal impact.   Restricted customer buying activity combined with the pending Christmas break and increased wool availability in January is limiting price levels currently.   Compared to...

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British Wool Sale (14 December 2016)

The tenth sale of the 2016/17 Season was held by the British Wool Marketing Board at Wool House and offered 2,220,816 kgs. The final sale of the calendar year produced a good clearance of over 1.5 million kgs. The prices were generally lower with the exception of a few better colour lots. Compared to last time sold: Fine types: No.1’s fully firm, others 3-5% cheaper. Medium types: No.1’s 3% cheaper, No.2’s & Discolou...

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US raises key interest rate by 0.25%

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases in the short term. Fed chairwoman Janet Yellen said the economic outlook was “highly...

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Whitham Mills secures seventh Scandinavian export deal

Baling system designer and manufacturer Whitham Mills, has completed its seventh installation for Norway’s largest producer of wool – Nortura. The Norwegian multi-billion pound agricultural co-operative is owned by 18,700 farmers and is responsible for almost 80 per cent of the country’s wool production; the majority of which is sold to the UK.   Nortura has repeatedly called on Whitham Mills’ expertise since it bega...

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IWTO Congress 2017 – Harrogate UK

IWTO Congress 2017 – Harrogate UK   The next IWTO Congress will be held on 3-5 May 2017 in Harrogate, North Yorkshire, just north of Leeds in the United Kingdom.   A lovely spa town that’s been voted the happiest place to live in Britain for the third year in a row, Harrogate is set in one of the most spectacular districts of the UK with attractive towns and villages, imposing historic houses, castles, abbeys, beauti...

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Asia economic growth forecast cut

The Asian Development Bank (ADB) has trimmed its 2016 economic growth forecast for Asia to reflect slower-than-expected expansion in India. The lender now projects that a group of 45 countries which it calls Developing Asia will grow by 5.6% this year. That is slightly lower than its previous forecast of 5.7%. However, the ADB left its growth projection for 2017 unchanged at 5.7% It says Asia’s economic outlook remai...

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IWTO Wool Round Table welcomed new business model

More than 120 members of the international wool community gathered on the campus of Citta Studi in Biella, Italy for the annual Wool Round Table of the International Wool Textile Organisation (IWTO), where educators from around the world highlighted current opportunities in textile education, and emphasized the need for collaboration between industry and universities.   “We have a central message in wool: sustainabil...

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Mountain Designs’ most resilient Merino wool range yet

Australian sports, outdoors and lifestyle brand Mountain Designs has released a range of Wool Rich Blend products made from Corespun Merino,  combining comfort, performance and resilience and making the range a great choice for multi-day hiking, climbing, travelling and everyday outdoor use. Sourced and spun in Australia, Corespun Merino is an innovative yarn constructed by wrapping Merino wool fibres around a durabl...

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Australian fine wools find favour with Norwegian manufacturer

Elite knitwear manufacturer and retailer, Devold of Norway will be using the legend of the Australian wool industry as part of their marketing strategy, in a sales and marketing partnership with a select group of fine wool producers. Warm woollen undergarments from Devold were part of the expedition equipment for Norwegian explorers Roald Amundsen and Fridtjof Nansen and the company said it used those expeditions as ...

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Customs arrangements better for Brexit

EU Chancellor Philip Hammond has backed a transitional deal for Brexit saying it would be “helpful” to allow longer than two years for the UK’s EU exit. Mr Hammond told the Treasury select committee that there was an “emerging view” that having longer would tend towards a “smoother transition”. There would be “less risks of disruption” including “crucially risks to financial stability”, he added. However, both busine...

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Wool ComfortMeter Video Available

A video demonstrating the features and benefits of using the Wool ComfortMeter is now available. The Wool ComfortMeter is an instrument capable of objectively measuring the comfort of garments when worn next to skin, in particular garments containing wool that are worn for sport, outdoor or other active pursuits. The video shows the Wool ComfortMeter in use, describes how it works and what it reports as well as provi...

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Colombiatex – January 24 to 26, 2017

The upcoming Colombiatex will be held in Medellin, Colombia from January 24 to 26 2017. Italian textile machinery manufacturers will include twenty industry leaders exhibiting in the common area set up by the Italian Trade Agency and ACIMIT.   Among the Italian manufacturers in attendance at the common exhibition space, ACIMIT’s associated members include: Biancalani, Btsr, Cogne, Carù, Fadis, Fk Group, Itema, Laip, ...

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