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Latest Wool Trading News - November 2015

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Australia’s woolgrowers vote to retain 2% levy

Australian woolgrowers have voted to maintain the two per cent levy on wool sales to fund research, development and marketing of the natural fibre. At the Australian Wool Innovation (AWI) Annual General Meeting, Chief Executive Officer Stuart McCullough thanked woolgrowers for pa...

New name for international wool publications

Wool Trade International magazine has been published once each year for more than 20 years. Its new name –  Wool2Yarn Global  – reflects the growing number of yarn manufactures that are now an important facet of this publication. The new name also better reflects its  expanding ...

AWI Australian Wool Market Report (26 November)

A rather uneventful week at Australian wool auction sales with most types on offer trading at similar levels. Some positive movements in limited sectors of the Merino fleece and across all carding wools occurred, while most of the crossbred segment registered some minor falls.   ...

New Zealand Wool Market Report (26 November)

The North Island auction received mixed support with the stronger New Zealand dollar having a limited impact in some areas.   Of the 6,500 bales on offer 97.5 percent sold.   The weighted indicator for the main trading currencies was up 1.35 percent compared to the last sale on 1...

South Africa Wool Weekly Market Report (25 November)

The wool market dropped by 0,3% this week and the Cape Wools Merino Indicator decreased by 41 points to close at a value of R135,40 (Clean). On the Australian market, the indicator lost 0,6%. The Cape Wools All Wool Indicator weakened with 0,2%. This week’s interest rate hike sup...

UK Wool Sale ( 24 November 2015 )

The ninth sale of the 2015/16 Season was held by the British Wool Marketing Board at Wool House and offered 2,066,652 kgs. The sale started strongly with keen competition and increased prices. This resulted in another full clearance. Compared to last time sold: Fine types: 2-3% d...

ITMA 2015 chalks up new milestone with biggest participation in 64 years

Milan exhibition attracts 1,691 exhibitors; 20 per cent larger than 2011 exhibition 12 November 2015 – ITMA 2015 has achieved a new milestone, attracting the biggest number of exhibitors since the show’s launch way back in 1951. Opening at the Fiera Milano Rho today, the 17th edi...

Merger of two NZ woolscours to go ahead

The New Zealand Commerce Commission has granted an Authorisation to be able to merge the woolscours at Cavalier Wool Holdings Ltd and New Zealand Wool Services Ltd. This positive endorsement paves the way closer toward merging these two companies  woolscouring assets of Cavalier ...

Winners announced for Vitale Barberis Canonico Wool Excellence Award

The presentation of the annual Vitale Barberis Canonico Wool Excellence Award has been awarded for 2015. Two representatives from Vitale Barberis Canonico (VBC) were present at the gala function alongside selected wool producer finalists from NSW, Victoria and Tasmania. Wool prod...

USA finalist M.Patmos wins 2015 International Woolmark Prize in Beijing

2015 marks a double win for Team USA, with New York-based label M.PATMOS adding to the country’s tally for this year’s International Woolmark Prize, scooping the womenswear final held at the JE Mansion in Beijing. In front of an esteemed judging panel including style icon Victori...

New technologies a paradigm shift for strong wool

In a move to improve the returns of New Zealand strong wool growers, Wools of New Zealand (WNZ) has entered into a commercial agreement with The Merino Company (TMC), to acquire the exclusive global rights to an innovative scour and dying process providing new opportunities for N...

New manager for IPAC in Peru

Following the departure of Cesar Lutgens who is now with Arequipa’s Chamber of Commerce, Daniel Aréstegui has been appointed to replace him as Manager of the Instituto Peruano de la Alpaca y Camelidos (IPAC) as well a role as Coordinator of the International Alpaca Association (I...

Huntsman Sues Chinese company for Patent Infringement Damages

The Textile Effects division of Huntsman Corporation (Singapore) announced it has sued Zhejiang Longsheng Group Co., Ltd. (“Longsheng”) and its subsidiaries Zhejiang Keyong Chemical Co., Ltd. (“Keyong”) and Shanghai Colva Dyestuff Co., Ltd. (“Colva”) for infringing its Chinese Pa...

Sri Lanka’s clothing exports set for further growth

Sri Lanka’s clothing exports are poised for further growth, according to a report in the latest issue of Textile Outlook International from the global business information company Textiles Intelligence.   The Sri Lankan clothing industry has built up a good reputation for quality...

Wool Floor Show London – A New Wool Trade Showcase

The Campaign for Wool, British Wool and the wool industry are launching a fabulous trade event for the South.  Wool Floor Show London will provide a Spring event for wool carpet manufacturers to fly the flag of quality wool carpets in an area of the country where much of the prod...

Global expenditure on clothing and footwear to decline by 1.5%

Global expenditure on clothing and footwear is expected to decline by 1.5% in US dollar terms in 2015 to its lowest level since 2011, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence. The decline will ...

Early Management Succession Planning at Uster Technologies

Uster Technologies is to have a new Chief Executive, in a carefully-planned and phased handover by April 2016. At his own request, current CEO Dr Geoffrey Scott will take early retirement, and will be succeeded by Thomas Nasiou, currently the company’s Head of Textile Technology....

Growth for Italian Textile Machinery Manufacturers in Domestic Market

For 2015 third quarter the textile machinery declined slightly (-2%), with external orders especially falling. The domestic market, on the other hand, was on the rise. Carabelli, President of ACIMT, the industry’s association, explains, “What we’ve seen in Italy is the bucking of...

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