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Latest Wool Trading News - September 2017

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Australian Wool Production Forecast

The Australian Wool Production Forecasting Committee (AWPFC) maintained its forecast of shorn wool production for the 2017/18 season at 340 million kilograms greasy, the same as its final estimate for production in 2016/17. The forcast was published on 25th August 2017. Committee Chairman, Russell Pattinson said that “after the excellent seasonal conditions experienced across Australia for some or all of 2016/17, con...

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Why buy a wool carpet? Step inside….

The new Why Buy A Wool Carpet leaflet is a combined effort by British Wool, the Campaign for Wool and the Wool Carpet Focus Group. Within those main sponsors are wool organisations from around the world including Viking Wool from Norway, New Zealand Wool, South African Wool and Australian Wool. We are proud to present the leaflet and hope all our Wool Carpet Focus Group (WCFG) members will make full use of it and its...

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Blair Archibald from Australia and Harman Grubiša from New Zealand were announced as the menswear and womenswear winners, respectively, of the 2017/18 International Woolmark Prize Australia and New Zealand regional final, at an awards event held in Sydney. The International Woolmark Prize aims to increase the global demand for Australian Merino wool, by promoting the versatility of the fibre and aligning young talent...

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AWI Australian Wool Market Report

After a rather sluggish start to the selling week at Australian wool auction sales, the market showed some signs of positive activity on the final day. The signals were all negative on the first day of operations and prices drifted as the market looked for a level at which new business could be conducted. By day’s end levels on all wool types and descriptions were trading 30ac/clean kg lower. It was being widely repo...

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New Zealand Wool Market Report (31 August 2017)

11,647 bales were offered for sale in Christchurch. The offering was made up of approx. – 41% Xbd Fleece, 12% Xbd 2nd Shear and early shorn, 3% 1st lambs, 20% Halfbred fleece, balance  2nd Shear Odds, XBD bulky oddments and misc. The market compared to the last South Island sale 17-August-2017: XBD Fleece BB and BB / B style 4-5% dearer, B style 6-7% dearer, B/C style 11-12% dearer. XBD 2nd shear and early shorn BB a...

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South Africa Wool Output to Rise From Century Low

Wool output in South Africa, the world’s second-biggest producer of the variety used for clothes, may surge about 50 percent from the lowest in a century as local prices climbed amid global supply that’s at a 70-year low, the head of the main industry body said. Production by South Africa, as well as the neighboring countries of Namibia and Lesotho, could climb to 75 million kilograms (165 million pounds) in the next...

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Rising interest rates ‘threaten global economy’

A sudden rise in interest rates poses the greatest threat to the global economy, the IMF’s former chief economist has told the BBC. Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that people had got used to ultra-low interest rates. He also said the economic policies of the Trump administration posed a risk. Previously the economist had said China was the number one t...

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The Woolmark Company and Qantas Wallabies in partnership

A new partnership has been formed between Australian wool and Australian Rugby Union (ARU). The Woolmark Company, the marketing arm of the Australian wool industry has joined forces with the ARU to promote the strong heritage and natural connection between these two great Australian icons, with a new range of woollen scarves and retro playing tops a fitting way for Australians to show some natural fibre and national ...

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Low methane producing sheep could be way forward for NZ

Sheep giving off lower methane emissions are being bred by scientists in New Zealand . Methane from livestock is responsible for 33 per cent of New Zealand’s greenhouse gas emissions. As part of international agreements, New Zealand is committed to cutting these emissions. “New Zealand has the issue that they can’t do this by cutting urban emissions or planting trees,” AgResearch senior scientist Suzanne Rowe said. S...

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U.S. consumer spending rises modestly

. consumer spending rose slightly less than expected in July and annual inflation advanced at its slowest pace in more than 1-1/2 years, diminishing expectations of an interest rate increase in December. Inflation remains stubbornly low even as the labor market is near full employment, a conundrum for the Federal Reserve. Other data showed a small increase in new applications for unemployment benefits last week amid ...

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ASWGA adopted Animal Welfare Policy

The Australian Superfine Wool Growers Assoc adopted an Animal Welfare Policy at its Council meeting on the 11th of August. Presented by Danny Picker President the Policy reads: The ASWGA is a signatory to the Dumfries House Declaration. Its members are adherents to the IWTO Specifications for Wool Sheep Welfare. The ASWGA encourages its members to always follow best practice in matters of animal welfare with the ulti...

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Inaugural Australian Wool Industry Medal Recipients Announced

The Federation of Australian Wool Organisations Inc. (FAWO) this evening announced the inaugural recipients of the Australian Wool Industry Medal. The Medal recognises men and women who have made an exceptional and sustained contribution to the Australian wool industry.   The recipients are: Ms Nan Allison VIC, Mr Robert Carter WA, Mr Rod Franklyn VIC, Mr Athol Frederick VIC, Ms Sally Martin NSW, Mr Wal Merriman NSW,...

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US quarterly economic growth revised higher

New figures show the US economy expanded by 3% in the three months to the end of June, growing at its fastest pace in more than two years.Consumer and business spending was higher than previously estimated, the US Bureau of Economic Analysis said. The revision lifted the annual GDP growth rate from the earlier 2.6% estimate, with growth accelerating from a slow start to the year. But economists said it did not alter ...

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