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Latest Wool Trading News - July 2016

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UK wool industry after Brexit

The decision for Britain to exit the EU has come as a surprise to many outside the UK. But now that the vote has been cast in favour of an exit economists predict some major economic consequences. So, what will it mean for the UK wool industry?   Of course it is probably too earl...

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Lempriere Australia announces merger

Lempriere Australia has announced its merger with CS Agriculture Pty Ltd in Australia. CS Agriculture owns and runs Cubbie Station, Australia’s largest cotton farm. In a deal that was officially announced in May, William Lempriere will step away from the business to focus on othe...

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Uniform tenders – a turnaround for China expected

Although there has been a definite slowdown in China’s wool industry due to an extremely competitive market and luke warm demand from Europe and the USA, it remains upbeat about the future, partly due to the rolling out of major tenders for government uniforms. This optimism has ...

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Further appeal delays NZ merger

Godfrey Hirst’s High Court appeal against a merger of New Zealand’s largest wool scouring operations was dismissed, allowing the creation of a dominant scourer involving rival carpet maker Cavalier Corp. But as Godfrey Hirst has done, in the past, and to other companies, it has a...

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AWI Australian Wool Market Commentary (Friday 24 June)

Steadily rising price levels were the feature at Australian wool auction markets this week. A very small offering of just over 22,000 bales was eventually offered to the trade with just the two Eastern centres in operation. Prices were impeded from registering much stronger gains...

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New CEO for British Wool Marketing Board

The British Wool Marketing Board (BWMB) have appointed a new Chief Executive Officer.  Joe Farren, 44, from Cawood in North Yorkshire officially took over the reins at the Board on Wednesday 1st June following the retirement of Ian Hartley who has been leading the organisation fo...

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China’s economic balancing act

The  latest economic figures for China show the first quarter of the year up 6.7% from a year earlier. But the data does not provide any definitive answers to questions about how China will influence the rest of the world. This article, published by BBC World Service economics co...

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Huntsman Names New President of Textile Effects Division

  Huntsman Corporation announced that Rohit Aggarwal will succeed Paul Hulme as President of Huntsman’s Textile Effects division, effective July 31, 2016. Most recently Huntsman’s Vice President and Managing Director of Indian Subcontinent, a position he has held since July 1, 20...

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Wool at Pitti Uomo 90

Wool confirmed its place as a summer choice at the lively fashion shown at Pitti Immagine Uomo 90, an event full of exuberance, would-be stars previewing startling looks outside the exhibition, and packed fashion shows. All demonstrated the variety of design in the mix for Spring...

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Working group decides fate of Australian Wool Innovation’s wool exchange portal

A decision on whether the wool industry pursues Australian Wool Innovation’s (AWI) proposal to sell the national clip online could be made by October. That is the timeframe AWI has set for a new working group, which it is hand-picking, to investigate recommendations in the Wool S...

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New British Wool Labels Promote Unique British Strength

The British Wool Marketing Board (BWMB) has launched the new British Wool Premium Label Partnership with manufacturers that want to promote a higher content of British grown wool in their carpets, rugs and other products.  This allows quality manufacturers a chance to influence h...

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American Wool Council Unveils New Wool Logo

As American consumers embrace the natural magic of home grown wool, the American Wool Council has adopted a new look that brings the industry’s image up to par with the products being created everyday with this innovative, sustainable fiber.   ASI is an equal opportunity employer...

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