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Latest Wool Trading News - April 2018

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Demand keeps Australian wool prices up

Prices for Australian wool have been at a record high and this is where it will stay according to many industry players. New and innovative uses in Merino wool, in areas of automation, leisure, and sportswear, underpin demand.   China’s unstoppable appetite for Merino wool is adding to these higher prices. And although some weeks prices may dip, as one exporter mentioned, this is more to do with domestic Australian w...

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IWTO Congress Registration open

You are invited to Join the wool textile industry on 14-16 May 2018 in Hong Kong for the 87th annual IWTO Congress. Wool experts and industry professionals will meet at the Shangri-La Kowloon Hotel where the program will centre on “Wool for Future Markets” and include a lively social agenda and partners programme. The theme this year is Wool for Future Markets. The Programme Highlights are: What does wool’s future ...

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South Africa Weekly Market Report – 28 March 2018

The wool market traded lower and the Cape Wools Merino Indicator decreased by 2,5% and by 438 points to close at a value of R172,64 (Clean). The Australian EMI decreased by 0,8% this week. The Cape Wools All Wool Indicator decreased by 2,9%. The wool market traded softer and the recent steady decline continued which affected all types across the board. The demand for quality long and fine wool remains strong. This wa...

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British Wool Market Report – 27 March 2018

The British Wool index was up 1.3% sale on sale at £1.519 clean. Total weight offered 1.778m kg. Total weight sold 1.713m kg. Clearance 96.3%. Average clean price 157.1p. Average greasy price 104.6p. Strong demand throughout the sale and across all types resulted in a 96% clearance. Fine: Hogs 5-10% dearer, Ewes 2.5% dearer. Medium: Hogs 2-5% dearer, Ewes fully firm. Romney: Fully 5-10% dearer. Mule: 2-6% dearer. Che...

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NZ Wool Market Report 28 March 2018

The North Island was only selling with 12,500 bales on offer.  The selection was mainly poorer style fleece and lambs along with associated oddments.  There was keen competition with China and support from Europe, United Kingdom and Australian carpet mills. Fleeces  – Poorer style fleece generally buyers favour. Second Shear – limited selection of good colour autumn shears sellers favour. Poorer style second shear fu...

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AWI has launched the first phase of the WoolQ portal

WoolQ, formerly known as the Wool Exchange Portal, has been created after three years of consultation and discussion in response to industry demand for a centralised digital information platform. WoolQ facilitates online collaboration between woolgrower, classer, broker and buyer. The digitalisation of this process allows a wide range of rich information to be accessed anytime and anywhere via desktop or mobile App. ...

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Wool a hot topic for sports and outdoor brands

With the sports and outdoor market continuing to play a large and increasingly important part in Australian Wool Innovation’s (AWI) product development and marketing strategy, AWI once again exhibited at this year’s ISPO trade show – the world’s largest trade show targeting activewear and sports apparel. It was the biggest one yet, with ISPO welcoming 2,801 exhibitors and more than 84,000 visitors from 120 countries ...

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Cape of Good Hope Wool Combers closes after 70 years

At the end of last year Segard Masurel, global wool trader, announced that it would no longer process wool at Cape of Good Hope Wool Combers, situated in Uitenhage, South Africa. ‘The changing nature of the wool industry and the change in the South African wool clip mean that the combing of wool in South Africa is no longer competitive in today’s global market. It is indeed a hard decision to end a 70 year relationsh...

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Merino sheep hold secret to curly hair

Depending on the current fashion, curly hair can be a blessing or a curse: people often spend a fortune taming unmanageable curls or sculpting luxurious waves.However, despite decades of research, it was still not clear why hair curls naturally. Duane Harland from AgResearch, New Zealand says that there were two competing theories. As individual hairs are made up of two different cell types – paracortical cells (whic...

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H&M profits sink amid weak sales

Swedish fashion giant H&M – the world’s second-biggest clothing chain – has posted a 61% profit fall for the three months to February amid weak sales. Its outlets, which include mid-market chains & Other Stories and Cos, made 1.26bn Swedish crowns (£108m). Recently it warned of weaker demand in some stores and also said sales had fallen for the second quarter in a row.It said higher levels of stock would mean greater...

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Could Mongolian yak wool be the new cashmere?

In the vast, snowy Mongolian countryside, nomadic herders are combing through the hair shed by their yak. It used to be that they would throw away the hair — until Nancy Johnston persuaded them it could be the key to preserving their traditional way of life. In this article published in CNN Money Nancy Johnston explains. ‘Mongolia is one of the world’s largest supplies of cashmere, which is made from Mongolian goat h...

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Primark sales hit by warm autumn weather

Sales at Primark took a hit in autumn following a spell of warmer than usual weather, but the fashion chain expects profit growth to pick up this year. Like-for-like sales – which ignore new stores – at the chain are set to fall 1% in the 24 weeks to 3 March. Primark’s owner, Associated British Foods (ABF), said sales were hit by “unseasonably warm weather” in October. However, it says profit growth is set to acceler...

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Uzbekistan takes its textile manufacturing ahead

A recent two-day symposium in Tashkent, staged by the Swiss Textile Machinery Association (Swissmem), showcased the technology and know-how of 14 leading textile machinery manufacturers from Switzerland. Uzbekistan is already a strong producer of raw cotton to a lesser extend wool yarns and it is now ready to take its textile manufacturing capabilities to the next stage, by investing in latest-technology for downstre...

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Online sales surge boosts Zara owner Inditex

A 41% jump in online sales for the owner of Zara helped drive higher sales and profits last year. Inditex, which also owns brands including Pull & Bear, Bershka and Massimo Dutti, said a tenth of its sales were online in 2017. It was the first the time Spanish company has broken out figures for online sales. Like-for-like sales, which excludes new store openings, rose 5%, while net sales were up 9%. Net profits were ...

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