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Latest Wool Trading News - April 2019

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Australian Woolmark Co looks at Demand and Price

Australian Woolmark Company monthly market report discusses what is making news amongst processors, retailers and brands that choose to use wool. It examines economic growth and what it means for demand and ultimately price. The most recent textile trade show Milano Unica, was held on 5th to 7th February in Milan Italy. This is a highly influential event and reflects the trends of the global textile market. AWI/The W...

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Australia’s Drought affects Wool Production

As the world’s largest wool producer, Australia’s drought could exacerbate a drop in wool production over the coming year, with Rabobank forecasting a 2 per cent decline in supply for the coming season. With wool also attracting high prices, graziers have had to shear their sheep earlier than normal to get some cash flow to keep stock alive. Rabobank commodity analyst Georgia Twomey believed that would change the nor...

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AWI Wool Market Commentary (15th March 2019)

Australian Wool auction sale results were again to the negative this week. The declining overall quality of wools available, soft enquiry and a slightly stronger Australian dollar (AUD) against the US dollar (USD) and the Chinese Yuan (CNY) were nominated as factors, but the much cheaper South African (RSA) wool auction market was the primary cause. All wool types and descriptions were affected to varying degrees whi...

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NZ Wool Market Report (14 March 2019)

North Island sale prices continued to firm for most types compared to last North Island sale. Competition remained well spread. XBD fleece and 2nd shear ~ generally par to 1% dearer. XBD 1st lambs ~ 3 to 5% dearer. XBD 2nd lambs ~ generally unchanged. XBD oddments ~ par to 5% cheaper. Passings Sale approximately 6% CPW 3% Next Sale South Island C38 Thursday 21 March 2019 C38 Approx. 9,500 Bales Main Buyers: WSI/JSB 7...

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South African Wools Market Report (13 March 2019)

Port Elizabeth – The wool market ended lower at this weeks’ auction and the Cape Wools Merino Indicator decreased by 3,3% and by 736 points to close at a value of R214,42 (Clean). The Australian EMIlost1,3% this week. The Cape Wools All Wool Indicator lost by 3,3%. Although the offering consisted of good quality long fine wools, the market came under pressure due to the continuous limitation on export of wool to Chin...

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British Wool – Sale Report (12 March 2019)

The British Wool index was flat sale on sale at £1.420 clean. Total weight offered 2.200m kg Total weight sold 1.754m kg Clearance 79.7% Average clean price £1.490 Average greasy price £0.993 BW70 saw strong demand for Fine, Medium, Cross Bred and Hill wools but Mountain types were largely passed over. 1.754 million kg of the 2.200 million kg offered sold, the heaviest sale weight season to date and a clearance of 80...

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Australian Farm Weekly reports on Robotic Wool Harvesting

Robotics a is way of the future in the wool industry, and Australian Wool Innovation (AWI) is seeking expressions of interest (EOI) for the development of robotic wool harvesting solutions. General Manger of Research at AWI Dr Jane Littlejohn explained the goal of the program is to optimise wool harvesting for safety, welfare, clip quality and cost competitiveness. “We are currently seeking worldwide expressions of i...

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IWTO 2019 Congress – Early Bird discount

In case you haven’t already heard, registration is open for the annual IWTO 2019 Congress – we offer you a wonderful time between gondoliers, delicious Italian food and of course a number of wool intellectuals eager to share their knowledge.   The Congress will take place at the Ca’ Giustinian wing of La Biennale di Venezia. Click the link down below to register if you are up for an Italian woolly adventure.   If you...

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2019 International Woolmark Prize

Edward Crutchley and Colovos are the winners of the menswear and womenswear 2019 International Woolmark Prize, presented at a star-studded event during London Fashion Week. Crutchley was also announced the winner of the Innovation Award, celebrating the most innovative or sustainable approach to systems production, materials, textile design or product design. The award, staged at Lindley Hall was judged by a highly e...

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American Flock Down Slightly

Sheep and lamb inventory in the United States on Jan. 1, 2019, totalled 5.23 million head – down 1 percent from 2018 – according to the U.S. Department of Agriculture’s National Agricultural Statistics Service. NASS released the annual Sheep and Goat Report on Thursday – a month later than normal due to the government shutdown earlier this year. The 2018 lamb crop, however, showed a slight increase at 3.24 million he...

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China’s new law aims to ease global concerns

China has passed a new foreign investment law in a move widely seen as an effort to facilitate US trade talks. Delegates voted overwhelmingly in favour of the law on the final day of the National People’s Congress (NPC). The measure is seen as a possible olive branch to the US as negotiators from both countries work to resolve their bruising trade dispute. But some argue it does not fully address the concerns foreign...

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Key Test Data Summary for February 2019

The monthly comparisons of Total Lots, Bales and Weight for February 2019 compared with the same period last season are: -2.8%, -5.9% and -5.5% respectively. The progressive comparison of Total Lots, Bales and Weight for July 2018 to February 2019 compared with the same period last season are: -6.0%, -11.2% and -11.2% respectively. AWTA Ltd has tested 218.3 mkg (million kilograms) this season compared with 245.8 mkg ...

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