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Latest Wool Trading News - November 2014

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China fixes wool import quota at 287,000 tons for 2015

The Chinese Ministry of Commerce has kept next year’s import quota of wool and wool tops unchanged from 2014, allowing a maximum of 287,000 tonnes of wool to be imported in 2015. Meanwhile, the import quota for wool tops was set at 80,000 tonnes, according to a statement by the C...

Shipments of textile yarn machinery to Vietnam soar and fall to China

Shipments of yarn machinery to the textile industry in China fell in 2013, according to Textiles Intelligence. At the same time, shipments to the industry in Vietnam soared.   The fall in shipments to the industry in China reflected a shift in sourcing away from the country, and ...

Alpaca Fiesta makes an international splash in Peru

Luca Alvagini, President of the Alpaca Association welcomed delegates from 16 countries attending Alpaca Fiesta in Arequipa Peru this month. The event was a joint venture between the Alpaca industry and the Peruvian government to promote alpaca and vicuña fibre. As in previous Al...

New Zealand Wool Market Report (27 November)

Subdued overseas interest leading into shipping requirements over the coming Christmas vacation period saw targeted buying with most types easing. Bales on offer 6,234, (Sold 5,611 – 90% ).     The weighted indicator for the main trading currencies firmed by 0.45 percent compared...

South African wool market under presure

Port Elizabeth – The wool market came under pressure at this week’s sale (26 November) with the Cape Wools Merino indicator shedding 1,9% to close at R109,48/kg (clean). This is a 1,9% decrease on the opening sale and is down 1,8% on the corresponding sale of the previous season....

Prince George has sparked increase in wool sales

Prince George has been credited with a surge in popularity for real wool products as consumers flock to mimic his traditional dress. The 15-month-old prince, who has been seen swaddled in a variety of traditional, cardigans, jumpers and blankets, is said to have sparked an increa...

Australia China Free Trade Agreement to benefit wool exports

Ministers from China and Australia signed a Declaration of Intent at G20 in Australia earlier this month. President Xi Jinping was on a state visit to Australia and the agreement will be signed in 2015 after the draft is translated and legally reviewed. Australian Prime Minister ...

China rate cut surprises

The cut in Chinese interest rates and comments from Europe’s central bank chief have lifted global markets. The People’s Bank of China cut its one year deposit rate to 2.75% from 3.0% to try to revive its economy. The cut in Chinese rates, which took the markets by surprise, was ...

Wool promotion – Curtis Wool Direct style

The world wool industry is focused on wool promotion. One company has created a video montage that can be shared by everyone. Curtis Wool Direct has created this video of iconic and memorable wool scenes. Wool a Journey Through Time video aims to promote wool and engage with indu...

Latest News from The Campaign for Wool

Biodegradable Wool Test Complete – Two sweaters were buried side by side in a flowerbed, they looked exactly same but there was one crucial difference. One was a pure merino wool sweater, the other was a synthetic look-a-like, and as part of Wool Week celebrations, The Campaign f...

Safil celebrates sixty years in business

Safil is a long-established Biella-based worsted spinning company and ‘From years to yarns’ is the phrase that summarises 60 years of this story of Italian entrepreneurship featuring two generations of the Savio family. Founded in 1954 in Biella by Fernando Savio, today Safil is ...

AWI AGM

The Annual General Meeting of the research, development and marketing body Australian Wool Innovation (AWI) outlined a busy 12 month’s work in 2013/14. Chairman Wal Merriman underlined the measurement of performance at AWI. Assessing key investments across the company is now comm...

Italian Textile Machinery orders still on upward trend for 3Q

Orders for textile machinery for 2014 third quarter show growth, thanks to demand from foreign markets. Raffaella Carabelli, president of ACIMIT: “Italian manufacturers are concerned about the situation in domestic market.”     For the third quarter of 2014, orders for Italian te...

Eurozone economic forecast cut by European Commission

The economy of the 18-country strong eurozone will grow by just 0.8% this year, the European Commission has said. The forecast is below the 1.2% estimate made earlier this year. The commission has also cut its growth forecast for 2015 to 1.1% from 1.7%. EU vice president Jyrki Ka...

M&S clothing sales fall but gross margins are up

Marks and Spencer has reported its 13th consecutive quarterly drop in clothing sales, blaming the “unseasonable conditions in September” for the poor performance. The 130-year old retailer said like-for-like general merchandise sales – which are primarily clothing – fell 4% in th...

China sets price for cotton subsidy scheme

China will pay farmers subsidies of 2,000 yuan ($330) per tonne of cotton harvested this crop year outside its top producing region, potentially slowing a drop in output in the world’s No.1 consumer of the fibre and further curbing demand for imports. Traders said that while the ...

Global business confidence at five-year low

Global business confidence slipped to five-year low in October, according to a survey of 6,100 companies. The number of firms that expect business activity to be higher in the year ahead exceeded those that expected a decline by about 28%. But, that net balance was lower than 39%...

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