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Latest Wool Trading News - October 2014

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New Zealand’s wool scours to merge

In a joint release, Cavalier Wool Holdings (CWH) and New Zealand Wool Services International (NZWSI) announced that they have signed an agreement to merge the scouring assets of the two organisations. ‘We are pleased to have reached this agreement with NZWSI’, commented Ross Geor...

NZ farmers rejected wool levy

A top turnout failed to take the sting out of a disappointing result for the Wool Levy Group after a final tally of votes confirmed the referendum to form a levy-funded industry good organisation had failed. New Zealand wool-producing sheep farmers voted against the levy. The fin...

11 micron Australian bale takes Wool Record Challenge Cup

The winner of the World Wool Record Challenge Cup, a competition hosted by Italian luxury clothing company Loro Piana, was announced at a function in Queenstown New Zealand. Robert and Pamela Sandlant, of Australian Pyrenees Park at Lexton beat their New Zealand counterparts, Bar...

AWI Australian Wool market review (24 October 2014)

Australian wool auctions continued on a similar basis to the prevailing market trends. The Merino fleece sector is experiencing very mixed results under the large volumes of hard to place wool types, but all other market segments are relatively stable. The EMI (eastern market ind...

New Zealand Wool market review (23 October 2014)

South Island wool sale prices stabilised on the back of a weaker New Zealand dollar. Crossbred wool prices overall took this into account when compared to Napier on the 16th October. Of the 9,113 bales on offer 77 percent sold (7,000 bales).   While some business has been conclud...

South African Wool Market Review (23 October 2014)

The wool market continued its lacklustre performance with the Cape Wools Merino indicator shedding 0,8% to close at R112,00/kg (clean). This is 0,3% higher compared to the opening sale of this season and 1,1% down compared to the corresponding sale of the previous season. The sof...

ErmenegildoZegna and Mohair SA announce winners for finest kid mohair fleece

Winner Billy Colborne from farm Killborne, Willowmore ErmenegildoZegna, a leading global luxury menswear and lifestyle brand, has disclosed the names of the finalists of the ErmenegildoZegna South Africa Mohair Trophy 2014, sponsored by the ErmenegildoZegna Group and Mohair SA. T...

Saurer Group appoints new CEO

Saurer Group has announced the strengthening of the management team of its largest business unit. From 1st of November 2014, Dr. Martin Folini will take over the responsibility as CEO of Schlafhorst and Zinser.   These two brands are the market and innovation leaders for Roving a...

Vietnam textiles exports seen up 16 pct rice

Vietnam textiles exports were up 16 pct (year to year) at $25 bln in 2014. Vietnam may export as much as $25 billion worth of textiles and garments this year, up 16 percent from 2013, according to the Vietnam National Textile and Garment Group, the Vietnam Economic Times newspape...

Alpaca noils at record high price levels

At the end of July, the Schneider Group reported that, even though the alpaca season was over, demand was continuing for various types. This was reaffirmed when plenty of alpaca yarns were seen at the recent Pitti Filati Fair where, not only was there high demand for the FS and B...

World Bank cuts China growth forecast for next three years

The World Bank has cut China’s growth forecast for the next three years as the country tackles structural reforms. Growth in the world’s second-largest economy will fall to 7.4% from a previous estimate of 7.6%, it said. “In China, growth will gradually slow, as efforts to addres...

India’s textiles, apparel exports to rise by 10 pct this year

India’s cotton and apparel exports are set to climb by around 10 percent this year as higher wages, political instability and concerns about workplace conditions in other producing markets steer international buyers toward Indian exporters, industry officials said. The rise in te...

Australian alpaca breeding stock sent to China

The Australia alpaca industry has just completed a huge export of quality breeding stock to China, the largest shipment ever to leave Australia. The precious cargo of 525 stud animals, sourced from Victoria and South Australia, is also believed to be the largest number of alpacas...

Textiles and garments help Vietnam to trade surplus of $1.5 bln

Growth in exports driven by manufacturing could give Vietnam a trade surplus of $1.5 billion this year, far surpassing its forecast of $500 million in July, according to the country’s trade ministry. Textiles and garments, which includes Adidas, H & M Hennes & Mauritz and Inditex...

Australian Key Test Data Summary September 2014

The monthly comparisons of Total Lots, Bales and Weight for September 2014 compared with the same period last season are: -6.5%, -0.6% and -0.2% respectively. The progressive comparisons of Total Lots, Bales and Weight for July – September 2014 compared with the same period last ...

UK young farmers learn more about wool

A group of young farmers from the UK National Federation of Young Farmers Clubs (NFYFC) recently visited the British Wool Marketing Board (BWMB) in Bradford as part of the ‘Walk the Wool Chain Study Tour’ to find out more about what happens to their sheep’s wool once it leaves th...

China exceeds target for cutting water pollution

China is on track to exceed its 2014 target for cutting water pollution, the government announced on Wednesday, amid reports that it plans a $326 billion action plan to clean up its rivers and lakes. A lack of environmental oversight during decades of economic growth has caused a...

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