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Latest Wool Trading News - November 2019

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China’s wool industry discussed at Nanjing Wool Market Conference

31st Nanjing Wool Market Conference was jointly hosted in Qufu, the hometown of Confucius, by China Wool Textile Association, China SDIC International Co., Ltd., Shandong Ruyi Group and Nanjing Wool Market in September.   Compared to previous years the mood was somewhat subdued. There is no doubt that the textile industry in China is going through difficult times. The slowdown in the Chinese economy, stringent enviro...

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Premiums for Australian non-mulesed wool jump in first quarter

The premiums for non-mulesed Merino wool jumped in the first quarter of the 2018/19 season to more than 100 cents, according to data and analysis from AWEX. This confirms the anecdotal reports from buyers about the continued very strong demand for non-mulesed wool this season, even as wool prices in general have fallen back.   The premiums for non-mulesed wool over equivalent mulesed wool averaged as much as 108 cent...

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Australian Wool Sales (24 October 2019) – AWI Commentary

Australian wool auctions produced positive price movements across the entire offering this week. All types and descriptions were well sought, despite the much stronger AUD against the USD (+ 0.85%). Price results were all to the sellers favour amidst a more upbeat auction scene which is now seemingly lifting out of the gloom that has existed during the first quarter of this season. The Australian Wool Exchange (AWEX)...

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NZ Market Report ( 24 October 2019)

The Market continues to ease for finer wools while coarser wool firmed. South Island selling 8,500 bales and North Island offering 8,200 bales. Total 16,700 bales on offer.  Both islands predominantly offering hogget fleece and shears 30 to 35 micron good colour.   South Island 10% merino fleece 16 to 22 micron, 15% mid micron fleece 23 to 25.5 micron. Widespread competition with most sectors operating.  Europe main ...

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British Wool launch bedding range with Chinese partner

British Wool has recently launched a new wool bedding range at a prestigious event in central Shanghai with Lovo, one of the largest manufacturers and retailers of bedding in China. Lovo is an internet only retailer, selling products on-line through many different channels. As part of the project, British Wool provided a marketing support package including video content and packaging designs, which ensures the new pr...

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AWI – Industry Advocacy on Show

Australian Wool Innovation (AWI) – the not-for-profit company owned by Australia’s woolgrowers – continues to showcase its industry advocacy efforts as the company positions Australian merino wool at the forefront of the global textile and fashion industry. Ahead of the 2019 Eco-Age Green Carpet Fashion Awards, AWI CEO Stuart McCullough said for more than a decade AWI has been a fierce advocate for the unique fibre p...

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British Wool: supporting British farmers

‘British Wool is a farming co-operative, owned by the sheep farmers registered with us. As a business, our main objective is to maximise the value of our producer’s wool’, says Graham Clark, Director of Marketing, who explains how this is done. Farming co-operatives provide strength in numbers – they’re about collective action. In our case, we market and sell British wool on behalf of our farmers, proactively researc...

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China to further investment in textile industry in BRI countries

BEIJING, Oct. 20 (Xinhua) — China will step up efforts to boost investment in the textile industry in Belt and Road (B&R) countries, according to the China National Textile and Apparel Council (CNTAC).   In recent years, the CNTAC has helped Chinese textile and apparel firms understand foreign investment environment and contributed to the signing of many overseas investment projects by establishing international plat...

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US fears over economic damage from further tariffs on China

The White House’s awareness that further tariffs on Chinese goods would be “more detrimental to the United States” than earlier duties has led the Trump administration to urgently pursue a partial deal, according to a former leading trade adviser to the US president. “The administration designed the tariffs so that the initial tranche would be much more impactful to China than to the United States,” said Clete Willem...

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The Campaign for Wool Carpet & Rug Awards 2019

The wool flooring industry gathered last month to receive recognition at the fourth Campaign for Wool Carpet and Rug Awards, held as part of The Flooring Show in Harrogate, North Yorkshire. The Campaign for Wool Patron, HRH The Prince of Wales, established the Awards in 2016 to highlight the diversity and breadth of quality in design, production, innovation and marketing across the carpet and rug sector.  Approximate...

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Voting Opens for AWI Shareholders Ahead of AGM

Australian Wool Innovation (AWI) shareholders are now entitled to vote on the resolutions to be put the company’s Annual General Meeting following today’s despatch of the formal Notice of Meeting (NOM) and proxy forms. As part of the distribution of the NOM, all AWI shareholders have been provided with a copy of the independent Board Nomination Committee’s (BNC) Recommendations to Shareholders report, which details t...

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UK Bonmarché appoints administrators

Women’s fashion chain Bonmarché has appointed administrators, putting the future of the business in doubt. The chain’s 318 shops will remain open while a buyer is sought for the chain. Bonmarché chief executive Helen Connolly said she had made the decision with “deep regret and sadness”, and blamed tough High Street trading conditions, and the Brexit delay. The Yorkshire-based chain, which specialises in clothing for...

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Medical textile market threatened by a new stringent EU regulation

The market for medical textiles has the potential to be one of the fastest growing categories within the technical textile sector between 2018 and 2025. But growth is threatened by a new, stringent EU regulation for medical devices, according to a report in issue 114 of Technical Textile Markets from the global business information company Textiles Intelligence.   The new regulation, known as Medical Devices Regulati...

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Italian textile machinery presence at Expotextil Peru

Expotextil, the fair for the textile and garment sector in Peru, is being held from 24 to 27 October in Lima. At Expotextil there will also be a large representation of Italian textile machinery manufacturers. Inside the Italian pavilion organized by Italian Trade Agency and ACIMIT, the Association of Italian textile machinery manufacturers, 18 Italian companies will exhibit: Arioli, Biancalani, Bianco, Btsr, Danitec...

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