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Latest Wool Trading News - August 2016

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Alternative mulesing product disappoints in Australia

An industry-backed replacement for mulesing sheep has been deemed a disappointment, with woolgrowers complaining about the long list of restrictions on its use. Corbett Technologies spent years working with Australian Wool Innovation (AWI) to develop SkinTraction, which reduced w...

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Next IWTO Round Table heads to Italy

This year’s Wool Round Table will take place in Biella, Italy, Europe’s oldest woollen textile district. Only 80 km from Milan, it is the origin of the ‘Strada della Lana’ also known as ‘Italy’s wool route’.   From 28 to 29 November, IWTO members have the opportunity to discuss t...

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New Zealand Wool Market Report (28 July 2016)

Despite a strengthening NZ dollar, the varied selection at this week’s South Island auction attracted strong support.  Of the 7700 bales on offer 85 percent sold.   The weighted currency indicator was up 2.06 percent compared to the previous week’s auction.   A selection ranging ...

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UK Wool Sale Report (26th July 2016)

The second sale of the 2016/17 Season was held by the British Wool Marketing Board at Wool House and offered 1,710,325 kgs. The tone at today’s sale was generally positive with most prices across the range on offer increasing. This resulted in a 94% clearance. Compared to last ti...

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2015/16 Australian wool selling season report

The Woolmark Company published a report on the 2015/16 wool selling season. This season saw a positive finish for Australian woolgrowers with the second highest season closing on record. In a year that saw mixed global financial stability, the Australian EMI closed 66 points high...

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86th Annual IWTO Congress – Istanbul, Turkey

The next IWTO Congress will be held in Istanbul Turkey 15-17 May 2017. The Congress will be co-hosted by Turkish Textile Employers’ Association (TTEA). IWTO Congress brings together representatives from all parts of the global wool pipeline. Following the success of the 2015 Wool...

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Farmers’ Association in Australia want National Wool Declaration mandatory

Members of the Australian NSW Farmers’ Association want to see the National Wool Declaration document made mandatory reports Weekly Times. A motion which states the NSW Farmers support the National Wool Declaration being made mandatory was supported at the conference in Sydney. E...

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Australian wool prices expected to be firm

Wool prices across Australia traded between 1200 and 1400 c/kg clean for the majority of the year, making it the most consistent 12-month period of the last five years. While conditions varied across the country, Rural Bank and Rural Finance head of sales Simon Dundon said the Au...

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Fed keeps US rate hike on hold

The Federal Reserve has decided not to raise interest rates, maintaining the ultra-low level they have been at since December 2015. The US central bank opted to keep rates between 0.25% and 0.5%. The Fed said “near-term risks to the economic outlook have diminished,” but inflatio...

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28 Nanjing Wool Market Conference

2016 Nanjing Wool Market Conference will be held at the lake city of Wuxi on 23-25 September. Also known as China International Wool Trade and Information Conference it attracts over 500 delegates.   This is a major conference for the wool and early wool processing industry in Ch...

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British Wool launches Premium Labels

The British Wool Marketing Board (BWMB) has unveiled the British Wool Premium Label Partnership with manufacturers, who want to promote a higher content of British grown wool in their carpets, rugs, etc.   “This allows quality manufacturers a chance to influence how much wool of ...

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Global recovery fragile says IMF head

The global economy remains fragile and it should be the United States that takes the lead on creating a lasting recovery, the head of the International Monetary Fund said last week. “Now is another moment for U.S. economic leadership,” said IMF managing director Christine Lagarde...

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UK unemployment rate falls to fresh 11-year low

The UK unemployment rate has fallen to 4.9%, the lowest since July 2005, according to official figures. The unemployment total fell to 1.65 million in the March-to-May period, down 54,000 from the previous quarter, the Office for National Statistics (ONS) said. The figures cover ...

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International Woolmark Prize competition

The Woolmark Company introduced 75 designers from 25 countries, in 6 regional events to the International Woolmark Prize competition. This event has a reputation as one of the world’s most significant emerging fashion design initiatives. Following regional events held in Hong Kon...

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Italian textile machinery on show at IRANTEX

In the forthcoming trade show Irantex 25 Italian companies will be hosted in the Italian Pavilion. The attendance to Irantex is a further step to enhance the strong relationship between the local textile industry and the Italian textile machinery sector. The upcoming 2016 edition...

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Japan plans $265bn stimulus to ailing economy

Japan’s Prime Minister Shinzo Abe has said his government will introduce a 28tn yen ($265bn; £200bn) package to boost the flagging economy. The move had been expected in the wake of the UK’s vote to leave the European Union, which Mr Abe had warned would have a negative impact on...

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