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Latest Wool Trading News - November 2017

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Premiums for non-mulesed wool on the rise

The premiums for non-mulesed wool are rising and becoming substantial for some Merino wool, according to data released by AWEX. NCWSBA believes that it is vital that all Australian wool producers are informed of these rising premiums.   The statistically-sound data shows that the premiums for non-mulesed wool averaged between 13 and 30 cent/kg in 2016/17 for Merino wool 21 microns and finer. This is up from between 1...

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China Congress sets future direction

The 19th Congress of the Chinese Communist Party (CCP) concluded this week . Economically there is a clear indication where China is heading in the next five years. Environmental issues and sharing prosperity have become centre stage to any economic developments. As some commentators have already pointed out that economic growth might slip to comply with environmental, social, and cultural agendas. President Xi Jinpi...

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Wool takes over the canals of Venice

The classic blue and white stripe has long been used to dress the iconic gondoliers of Venice. Now, in a sartorial makeover, two icons align as the iconic Woolmark brand unveils new threads in a contemporary twist for the canals’ masters. For more than 1000 years gondolas have been a primary means of transport along the Venetian canals. Now, Al Duca D’Aosta’s Venetian brand Emilio Ceccato – in collaboration with The ...

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AWI wool market review (27 October 2017)

Demand for Australian Merino wool has gained further momentum with strong price gains across all Merino types at wool auctions this week. Unfortunately the same is not the case for our crossbred wools which faltered once more with prices diminishing on almost all of the offering. All carding wools continued the recent advancement and interest in these types appears insatiable at present with prices well over 1200ac o...

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NZ Wool Market Report (26 October 2017)

South Island only selling with 10,000 bales on offer.  There was a mixed selection with some merino fleece 18.5 micron and finer.  There was a good selection of half bred fleece wool and crossbred fleece wool.  Competition China, Europe with support from the sub-continent and Australian carpet mills. Fleeces: 19.5 micron and finer 8% dearer, 20.0 to 27.5 micron 5% dearer, 28.0 to 33.0 micron buyers favour, 34.8 to 38...

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South Africa Wool Market Report (25 October 2017)

The wool market traded stronger and the Cape Wools Merino Indicator increased with 1,6% and by 279 points to close at a value of R181,99 (Clean). On the Australian market, the EMI lost 0,3% this week. The Cape Wools All Wool Indicator gained 1,7%. Despite a volatile Rand and increased volumes delivered to broker stores the wool market excelled and gained 1.6%. Buyers reported excellent demand for finer wool and a rec...

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Ermenegildo Zegna celebrates the 47th edition of the Mohair Trophy

Since 1970, Ermenegildo Zegna, a leading global luxury menswear and lifestyle brand, and Mohair SA, a non-profit organization representing the mohair industry in South Africa, sponsor the Ermenegildo Zegna Mohair Trophy. This year marks the 47th edition of the annual competition, established to select and award the finest quality mohair fiber. By recognizing and rewarding the finest summer kid mohair fleece, the Moha...

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Medical studies reveal superfine Merino wool is therapeutic for the skin

In positive news for eczema sufferers, recently published research funded by The Woolmark Company has demonstrated that wearing superfine Merino wool next to the skin is therapeutic for those suffering from the chronic skin condition. This adds to a growing number of research findings supporting the health and wellbeing benefits of wool products. Eczema, also known as atopic dermatitis, now affects 20% to 30% of chil...

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Sustainability and Solutions at the IWTO Wool Round Table

The next IWTO Wool Round Table will be held in Port Elizabeth on 7-8 December 2017. The theme will be Sustainability and Solutions. How can the industry protect wool’s environmental credentials? From on-farm practices to consumer empowerment programmes, the International Wool Textile Organisation looks at how wool can supply solutions to retail’s responsibility needs. Sustainability isn’t just the latest buzzword in ...

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Hong Kong’s Malls Are Turning Away From Luxury Brands

To gauge how much the Hong Kong shopping experience is changing, take a walk through Pacific Place mall. Burberry Group Plc has shrunk its store and the space now also houses a Pure yoga studio and juice bar. Coach Inc. has been replaced by a tea company. Some of Louis Vuitton’s space has given way to a Southern California-style bar and restaurant. Gone are the days when Chinese would queue up to get inside Prada, Gu...

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Bangladesh could overtake China as the EU’s largest apparel supplier by 2020

Bangladesh could overtake China to become the EU’s largest apparel supplier by 2020, according to a report in the latest issue of Textile Outlook International from the global business information company Textiles Intelligence.   In 2016 EU apparel imports from Bangladesh rose in volume for the ninth consecutive year and, as a result, Bangladesh’s share of EU apparel imports from all sources almost doubled over the n...

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UK retail sales fall in September

Retail sales suffered an unexpectedly sharp fall of 0.8% in September, reversing a jump in August, according to the Office for National Statistics. It meant that third-quarter retail growth slowed to a year-on-year rate of 1.5%, its lowest since the second quarter of 2013. The figures come at the Bank of England contemplates its first interest rate rise in a decade. A fall in the value of sterling has pushed up the p...

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Positive trend continues for ACIMIT

The positive trend in textile machinery orders continues through to the third quarter of 2017. ACIMIT president Alessandro Zucchi states, “Growth for the Italian market is progressing, albeit following a more contained rhythm. The extended measures for Industry 4.0 will serve to keep this thrust going towards the digitalization of the entire Italian textile sector.”   According to data elaborated by ACIMIT, the Assoc...

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China third quarter growth meets expectations at 6.8%

China’s economy grew 6.8% between July and September according to official data released Thursday, slowing slightly from the prior quarter. The growth rate, which compares expansion with the same three months in the previous year, met forecasts. The latest GDP figures are still above Beijing’s annual growth target of 6.5% for 2017. The world’s second largest economy is trying to rein in debt and contain a housing bub...

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