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Latest Wool Trading News - February 2015

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We welcome our readers to the first issue of woolnews 2015. We look forward to bringing you news stories throughout the Year of the Sheep. Editor

Massive QE boost for eurozone

Arriving somewhat breathless for his news conference, thanks to broken lifts, Mr Draghi finally produced a QE (quantitative easing) package for Europe that received an initial thumbs-up from the financial markets. In cash terms, it was just slightly more than some were expecting ...

Quality Wool acquires Olam Australia’s wool business

South Australian company Quality Wool will purchase Olam Australia’s only interest in the wool industry, marking the end of the Singaporean agribusiness giant’s involvement with wool. Quality Wool agreed to acquire Western Wool Marketing, which is owned by Queensland Cotton, a su...

Chemical Residue Testing In Wool Goes Global

International environmental agencies demand strict regulations relating to chemical (pesticide) residue levels in wool. Customers from around the world can now take advantage of a new worldwide raw wool pesticide testing service on offer from AWTA’s NZWTA Ltd and Agrifood Technol...

Nominations are invited for ITMA Sustainable Innovation Award 2015

        Winning an award not only gives your team a morale boost but also helps to increase awareness of your project to a whole new audience. The ITMA Sustainable Innovation Award 2015 honours companies and individuals for their contributions to the sustainable development of th...

Australian Wool Market Review from AWI

Australian wool markets tracked to a similar course this week with the finest and broadest end of the national clip in good demand. The mid micron (20 to 26 micron) sectors in both Merino and Crossbred remained slightly out of favour and dipped slightly. Significant gains in bett...

New Zealand Wool Market Report (22 January 2015 )

The North Island sale saw prices lift on the back of a weaker New Zealand dollar and steady off-shore interest. Bales on offer 10,077, bales Sold 9,731 (97% ). Of the 10,000 bales on offer 97 percent sold. The weighted indicator for the main trading currencies compared to the las...

South African Wool Market Report (22 January 2015)

Port Elizabeth – The market was slightly dearer at this week’s sale as market conditions remain tough and the Cape Wools Merino indicator gained 3,2% compared with last week to close at R111,43/kg (clean). Local traders say the significantly large offering is putting pressure on ...

Sheep Eat US$6,400 Cannabis Dumped in Field

In October 2014, the United Kingdom newspaper, the Daily Telegraph, reported: A flock of sheep were left feeling rather woolly headed after accidentally munching on thousands of dollars worth of cannabis plants.   The animals began stumbling about after getting high on seven bags...

Australian AWN buys knitter and retailer to integrate business

Australia’s largest independent wool broker, Australian Wool Network (AWN) has purchased knitwear manufacturer and seller, Hysport. It’s a step that will give the wool broking company product ownership from wool bale to retail. Managing Director of Australian Wool Network, John C...

Italian Textile Machinery Industry looks to ITMA Milano 2015

ITMA will return to Italy after 20 years with Italian exhibitors increasing their overall exhibition surface area by 46%.     For Italy’s textile machinery sector, 2015 will primarily revolve around ITMA, the industry’s global trade fair. From November 12 – 19, Milan will host th...

Expansion in the Compression Wear Market

The market for compression wear is likely to expand faster than the more established categories of performance apparel, according to a report in the latest issue of Performance Apparel Markets from the business information company Textiles Intelligence.   The use of compression w...

Public School USA claims woolmark top prize for menswear

In the first year to recognise men’s fashion using wool, the collection impressed the judges for its innovation for boiling, felting and needle punching wool. The PUBLIC SCHOOL label is by designers from New York, Maxwell Osborne and Dao-Yi Chow, who accepted the inaugural prize ...

World Bank Cuts Global Growth Forecast

The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast of 3.4% and 3.5% respectively. “The global economy is r...

New Zealand the biggest market for Alpaca fur garments

At the end of last year, the Peruvian Exporters’ Association (Adex) reported that fur and alpaca garments have an overall higher demand and that their main export market is now New Zealand. Adex observed that the concept of craftwork in Peru has been changing over time as exporte...

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