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Latest Wool Trading News - October 2017

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Brexit and its effect on wool

AWI/Woolmark Global Strategic Adviser Peter Ackroyd writes from London about the state of affairs for wool at processing regarding Brexit. You can also hear Peter expand on this in Episode 21 of The Yarn podcast at The UK textile and fashion industry is living through some rather interesting times as retailers face up to the inevitable price rises that a post Brexit -10% to -20% devaluati...

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2017 Nanjing Wool Market Conference

Nanjing Wool Market hosted the 29th NWM Conference in Inspirock Hotel in Tongxiang Zhejiang Province in China on 16 to 18th September. Tongxiang is the home city to Red Sun, a major conference sponsor and one of the largest top making companies. The conference was attended by some 500 international and Chinese delegates. Nanjing Wool Market Conference is an annual conference and the largest wool conference in the wor...

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Australian Wool Market – AWI Commentary

Australian wool auctions this week followed along the same trend as has been seen for the past two or three weeks. Super fine and fine Merino types remain well sought after whilst the medium Merino types continue to drift. Crossbred wools are still struggling to find a stable level of trade, but the carding sector is enjoying good times and prices continue upwards under strong demand. Within all these minor adjustmen...

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NZ Wool Market Report (28 Sep 2017)

South Island was the only selling point this week with 13,000 bales on offer. The selection was mainly crossbred wool 34.0 to 38.0 micron. There was a reasonable selection of fine fleece 25.0 to 30.0 micron and a limited selection of merino fleece 16.0 to 22.0 micron. 10% Passed In.   21.5 micron and finer was 5% cheaper. 22.0 to 27.5 micron was 4% cheaper. Buyers favoured 28.0 to 31.0 micron.   32.0 to 38.0 micron w...

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South African Wool Market Unchanged

Port Elizabeth – The wool remained unchanged and the Cape Wools Merino Indicator decreased slightly with 0,3% and by 57 points to close at a value of R176,70 (Clean). On the Australian market, the EMI lost0,5% this week. The Cape Wools All Wool Indicator decreased by 0,3%. The demand for Merino wool remains strong across all micron ranges with the finer and broader ends again holding up nicely. Buyers commented in pa...

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Mohair Market Report (Catalogue: 201712)

The market gained some good ground, with the average market indicator climbing by 6%, to close on R202.34 p/kg, with 98% of the offering being sold. Mohair across all categories was in good demand, with added competition from a new buyer on the auction floor driving the market upwards.   Although the offering consisted of some good quality mohair, clean yield percentages were once again negatively affected by the dro...

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New wool innovations showcased at Première Vision

Australian Wool Innovation’s marketing arm, The Woolmark Company, has unveiled the latest innovative wool fabrics and the newest version of The Wool Lab, highlighting the great versatility of wool as a natural fibre. More than 55,000 visitors are expected at the Première Vision textile and fashion trade event in France, where the latest fabric created using Optim™ fabric is being presented. The latest innovation call...

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ITMA 2019 Garment Sector Zooms in on Automation

The world’s largest textile and garment technology exhibition, ITMA 2019, is spotlighting smart garment technologies as robots and artificial intelligence are set to revolutionalise the industry. Automation, especially in an integrated textile and garment manufacturing chain, will help address the fashion and clothing industry’s current concerns of short production cycles and sustainable business practices, according...

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Rosier outlook for Italian economy as IMF ups forecast

Italy’s economy received a small boost after the International Monetary Fund (IMF) upped its 2017 and 2018 growth forecast for the country. Italian PM Paolo Gentiloni said the forecast “brings confidence about our country’s possibilities”. Italian GDP is forecast to increase by 1.3 percent this year, the IMF said – 0.5 of a percentage point more than it predicted in April. For 2018 the economy is forecast to grow by ...

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Homegrown video wins hearts of South Africans everywhere

A truly South African story of deep and lasting friendship, cutting across time, space and difference – and produced entirely in the Eastern Cape – is moving hearts across the country, and inspiring hundreds of people to share their hope for this country. The short brand film, released by Port Elizabeth NPO Mohair South Africa and titled “Weaving stories for a lifetime”, tells the story of two small boys who grow up ...

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Merino Conference 7 – 15 April 2018 – Uruguay

Uruguay will host the 10th WORLD MERINO CONFERENCE from 7th to 15th April 2018 in Montevideo. Conference activities will include pre and post tours visiting the major Merino studs in the country as well as show and judging.   This Conference is organized by Uruguayan Merino Breeders Society with the support of the World Federation of Merino Breeders. The World Conference convenes every four years the International co...

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IMF warns China over ‘dangerous’ growth in debt

The Washington-based fund says pursuit of growth at any cost risks sharp slowdown or financial crisis.  China’s debt is on a ‘dangerous’ path, raising the risk of a sharp slowdown in growth, the IMF warned. China’s credit-fuelled economic strategy has been branded as dangerous by the International Monetary Fund in a strongly-worded statement warning that its approach risks financial turmoil. The IMF used its annual h...

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Italian Textile Machinery at African Sourcing & Fashion week

An Italian textile machinery delegation will be on hand at the upcoming African Sourcing & Fashion Week (ASFW), to be held in Addis Ababa (Ethiopia) from 3 to 6 October 2017. The companies will exhibit at the Italian pavilion organized by the Italian Trade Agency. Among these are the following ACIMIT associated members: Autotex, Bianco, Carù, Corino, Europrogetti, Fadis, Ferraro, Lonati, Loptex, Mei, Mesdan, Reggiani...

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