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Latest Wool Trading News - August 2014

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New Zealand wool growers referendum on wool levy

The Wool Levy Referendum Wool Grower Consultation was officially launched at Federated Farmers Meat & Fibre AGM this month. A referendum will be voted on this October 10. ‘We are in a different place from 2009′, says Sandra Faulkner, Federated Farmers Meat & Fibre Executive and W...

Global yarn production is on the increase

Global yarn production increased in the first quarter in 2014 compared to the last quarter in 2013 due to higher output in Asia, North America, and Europe, and despite a drop in South America. On an annual basis yarn production increased as well even though output levels were low...

American Woolen buys Loro Piana’s Stafford textile unit

American Woolen Company (“American Woolen”) announced the acquisition of Loro Piana’s Warren of Stafford textile manufacturing facilities located in Stafford Springs, Connecticut, USA. American Woolen, a company with a rich history of craftsmanship and manufacturing excellence, w...

AWI says prosecute workers found abusing sheep

Australian Wool Innovation AWI) says anyone caught abusing sheep should be prosecuted. The peak marketing and research body has spoken for the first time about footage, of shearers punching and stomping on sheep, allegedly in Australian sheds. Rob Langtry, chief of strategy and m...

Chromatone latest addition to colour reference system for carpet manufactures

Chromatone is a premier international colour reference system used by the carpet and rug industry and is trusted by over 1365 companies in 68 countries worldwide. Since 1988, the 6 digit Chromatone numbering system has allowed colour to be instantly and accurately communicated be...

ASWGA supports Zegna’s step towards Australian wool sector

Australian Superfine Wool Growers Association (ASWGA) welcomed the positive step by Italian luxury fashion label Ermenegildo Zegna into the Australian wool production industry, with its joint venture with Achill, a 175 year old sheep property in the NSW New England Region.   Zegn...

Wool Carpet Takes Centre Stage at Harrogate Flooring Show

The Campaign for Wool and British Wool Marketing Board will put on a major celebration of wool carpet at this year’s Flooring Show in Harrogate (September). A special area entitled the ‘Wool Trends Centre’ will be supported by the industry’s leading carpet brands – Adam Carpets, ...

China manufacturing growth hit six-month high in June

China’s manufacturing activity grew at its fastest pace for six months in June, suggesting that recent stimulus moves have started to have an impact. The official purchasing managers’ index (PMI) rose to 51, from 50.8 in May. The PMI is a key indicator of the sector’s health and ...

Cotton – rising stocks, reduced imports puts downward pressure on price

Higher ending stocks outside China and lower imports into China will put downward pressure on international cotton prices in 2014/15. Additionally, world production is likely to exceed consumption in 2014/15, though by a lesser amount than in the past four seasons. this is accord...

India’s budget promises reform to higher growth

India’s new government is promising to bring back higher growth, with a budget including more scope for foreign investment, spending on infrastructure and a goods and services tax (GST). The finance minister also indicated there were plans to limit expensive but popular subsidies...

Revamped Australian wool bales set for approval

After several years of trials across the country, the Australian Wool Pack Standard is being revamped to comply with road transport regulations. Now health and safety standards have led to a tweaking of the bale, with the final tick of approval needed by the Customs Department. T...

British Wool Education will start young with new website

A new British Wool Educational website has been launched by the British Wool Marketing Board (BWMB) aimed at giving school age children an opportunity to learn more about wool, where it comes from and why it is good. Developed with a well-known educational website company, the em...

UK economy back at pre-crisis level

The UK economy has returned to pre-crisis levels by expanding 0.8% in the second quarter of this year. On an annual basis gross domestic product (GDP) expanded by 3.1%. The figures show the economy is now worth 0.2% more than it was at its peak in 2008, the Office for National St...

Italian textile machinery sector to develop cashmere processing for Mongolia

At the recent trade industry mission organized by ACIMIT (the Association of Italian Textile Machinery Manufacturers) and the ICE- Italian Trade Agency in Mongolia, meetings with the local authorities have confirmed the need for modernizing existing technology for the processing ...

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