Curtis Wool Direct

Latest Wool Trading News - February 2015

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Chinese demand and drop in Aussie dollar see wool prices lift

Australian Wool prices have seen a decent rally in the past two weeks, with the Eastern Market Indicator reaching 1101 cents a kilogram – its highest point in two years. Fine wool has seen the largest price increase, with 17-micron wool making 1388 cents a kilogram, up 94 cents f...

UK WOOL COMPANY INCREASES ITS FLOCK

The Curtis Wool Direct Group announces that they have acquired Irish wool merchants, Laurence Pierce (Wool Merchants) Ltd . The company, based in Rathdrum, County Wicklow, handles around 4 million Kgs of wool each year and the figure is expected to rise with this new investment. ...

Manufacturing sets its sights westwards by Peter Ackroyd, IWTO

In the European summer of 2014 the wool industry began to feel a chilly wind of change blowing from China, as lower economic growth figures were compounded by a continued drive against corruption. While explaining in part the current lower wool price/demand syndrome in grower cou...

New England Wool launches Sustainability Accreditation Scheme for Australia

The scheme, called The New England Wool “SustainaWOOL™ Integrity Scheme” is designed for use by current and future suppliers of wool to this prominent superfine merino buyer/exporter. New England Wool represents two high profile fabric makers in the Biella Region of Italy, Reda a...

Victorian fine wool bale flown to Italy

The 12.7-micron bale produced by Australian Avington Farm was bought privately by an Italian processor for 15,000 cents per kilogram – or about $10,700 for the entire bale. Among the bale’s impressive specifications was a 34 Newtons per Kilotex staple strength, staple length of 7...

Safil – the first European spinner to adopts the Wool ComfortMeter™

Safil is the first worsted spinning company in Europe to adopt the Wool ComfortMeter™, a Total Quality System developed by the Australian Sheep CRC and AWTA Limited which allows retailers and manufacturers to develop and market next-to-skin wool garments scientifically proven to ...

IWTO Congress 2015 – new programme takes shape

Mill visits and a new Wool Retail Forum will be added to the 2015 IWTO Congress programme, that will be held in Zhangjiagang, China.   Online registration is expected to open in the second half of February. In the meantime, visit the IWTO website and the current draft programme f...

Woolmark review sees logos used in diverse range of products

The Woolmark and Woolmark Blend logos will be seen on a more diverse range of products after a review The Woolmark Company’s Licensing Program and specifications. More sport, outdoor, casual, denim and wool-filled products are an example of where wool has been used in new product...

A Positive Vote for Super S Labelling from ISO and CEN

Two of the world’s largest standardisation bodies have voted positively for a Super S Labelling standard, defining the requirements of Super S labelling for woven fabric made from pure virgin wool.   Authorities around the world now have a tool to assist them when dealing with ca...

Export orders drop in January as China’s factory sector loses steam

China’s factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action to forestall a sharper slowdown. The official Purchasing Managers...

Textile Machinery Sector – only domestic orders on the rise for 4Q 2014

Textile machinery orders for the year’s fourth quarter drop overall as sales abroad take a dip, while domestic orders appear on the rise. For the textile machinery sector, the year’s fourth quarter resulted in a decline in orders, mainly due to a negative performance recorded in ...

Italian fashion house Liu Jo prepares for public share listing

The founding brothers of Italian fashion house Liu Jo are getting ready for a public share listing or partial sale to resolve differences over the company’s future ownership, three sources familiar with the matter said. Vannis Marchi, 67, is looking to sell his 36.8 percent stake...

China cuts bank reserve ratio to boost lending

China’s central bank has cut the level of funds banks must hold in reserve in an effort to boost growth in the world’s second-largest economy. The reserve requirement ratio has been cut by 0.5 percentage points to 19.5%. The central bank said it was trying to increase the banking...

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