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Latest Wool Trading News - October 2019

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AWI Commentary – Australian Wool Market (29 August 2019)

The slowing of the price decline and the more hopeful tone witnessed last week at the Australian wool auctions dissipated entirely this week. Heavy falls were the again dominating sale results. All wool types and descriptions, except the crossbred sector, experienced abnormally large losses, with the fine and medium (18.5 to 22 micron) Merino being most effected. The Australian Wool Exchange (AWEX) Eastern Market Ind...

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Trade war drives ‘innocent’ Asian nations towards recession

Trade war drives ‘innocent’ Asian nations towards recession Rising fears about the health of the global economy have prompted talk of recession, spreading anxiety about jobs and growth. The US-China trade war is casting a shadow over the world economy and warning signs of a looming downturn have flashed on financial markets. Recession poses no immediate threat to the biggest economies in Asia, although they are slowi...

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NZ Wool Market Report (29 August 2019)

The market is currently experiencing very fluid movements responding to the global fallout from the two super powers in their trade standoff. The result, especially for the finer wools, has had a significant impact on buyer confidence with prices back as much as 15% since the last Christchurch sale two weeks ago. The feature of the sale, however, were the best style Merino wools which defied the odds and held their g...

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Bangladesh’s export earnings surge

Bangladesh’s exports in the first month of the current 2019-20 fiscal year ending next June surged 8.55 percent to nearly 4 billion U.S. dollars, an official said Tuesday. The Export Promotion Bureau (EPB) official told that export performance for July was 3.88 billion U.S. dollars. Of the total earnings, he said the country’s income from ready-made garment items, including knitwear and woven, stood at 3.31 billion U...

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Mandatory pain relief for mulesing in Victoria

Victoria, a main wool growing region in Australia is set to become the first state in the country to introduce mandatory pain relief for mulesing. It is understood that the Victorian Government has included mandatory pain relief in revised animal cruelty legislation soon to be put out for public comment. Victorian Farmers Federation Livestock Group chairman Leonard Vallance said the draft legislation had the organisa...

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Indian textile sector suffering

India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry. Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the ...

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The Australian Wool Exchange (AWEX) today announced the appointment of Dr Paul Swan as the inaugural SustainaWOOL™ Program Manager. SustainaWOOL™ is the world’s largest wool integrity scheme, providing confidence to markets that Australian wool is of high quality and produced to high standards.   This appointment signals AWEX’s intention to grow the scheme to provide new and additional benefits along the global wool ...

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UK Prime Minister has plan for English lamb

Boris Johnson’s government is working on a £500 million plan to support farmers by purchasing slaughtered lambs and other livestock in the event of a no-deal Brexit, according to reports. It comes after a farmers’ union in Wales warned the prime minister that leaving the European Union without a deal would cause “civil unrest” in rural areas. Many British farmers are heavily reliant on trade with the EU and would fac...

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Independent chair for AWI new wool industry consultation mode

Australian Wool Innovation (AWI) has announced a new, enhanced industry consultation model to provide Australian woolgrowers valuable input into the organisation’s priorities and give them an improved say in the future of the Australian merino wool industry. Under the new model, two consultation forums will replace AWI’s existing Industry Consultative Committee – a core AWI Woolgrower Industry Consultation Panel (WIC...

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Key Test Data Summary for July 2019

The monthly comparisons of Total Lots, Bales and Weight for July 2019 compared with the same period last season are: -5.7%, -5.9% and -5.3% respectively. AWTA Ltd has tested 16.0 mkg (million kilograms) this season compared with 16.9 mkg for the equivalent period last season. Source: AWTA

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Wool Carpet Focus Group invests in Wool Demonstration at Flooring Show in Harrogate

The Wool Carpet Focus Group (WCFG) has partnered with the Campaign for Wool at the Harrogate Flooring Show to present demonstrations, videos and other information as to why Wool is the Best Fibre for Carpets and Rugs! Established in 2014 and incorporated in 2015, the WCFG set out to promote the redeeming qualities of Wool and its use as a carpet fibre, with a membership made up of the foremost wool carpet manufacture...

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Australian Wool Industry Medal recipients announced

The Federation of Australian Wool Organisations Inc. (FAWO) announced the 2019 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: Mr Don Belgre NSW Exporting Mr Michael Blake VIC Production Mr Geoff Fisken VIC Industry Services Mr Darren Spencer WA Shearing and Industry Serv...

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