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Latest Wool Trading News - December 2017

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Bull run for Australian wool prices

A report published by AWI earlier this month observed that in the past 6 years Australian wool auctions have seen powerfully increasing price levels (bull run) and this is indicative of the strongest of demand signals, particularly more -so given the relatively unchanged supply scenario. The report went on the say that this is perhaps compelling evidence as to why exporters for the past few years have been operating ...

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AWI Australian Wool Auction Commentary (24 November 2017)

After last weeks’ consolidation at Australian wool auctions the market found itself on a cheapening trend by the close of selling for the week. This price retraction was evidenced across most of the offerings, with the carding sector the only segment to escape the downturn. Large volumes on offer this week, and the next three, as well as substantial pressures on access to finance were the talk of the week. These fact...

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Vitale Barberis Canonico Wool Excellence Award

The presentation of the annual Vitale Barberis Canonico Wool Excellence Award for 2017 was celebrated in Hobart at picturesque Frogmore Creek Winery. The prestigious event was attended by Vitale Barberis Canonico (VBC) representatives, Wool Excellence Club members from NSW, Victoria and Tasmania, industry representatives and media.   The winners of the Award were New South Wales saxon breeders, the Wood family of “Do...

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2017 issues of wool2yarn magazines

2017 wool2yarn magazines were published in September and have been sent to readers in more than 60 countries. wool2yarn global magazine is an English language publication and the 2017 issue is expected to be read by over 20,000 people worldwide. It is widely read by wool buyers, manufacturers of tops and yarn, and fabric manufacturers. wool2yarn China magazine is a Chinese language publication that is published once ...

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AWI holds AGM

A year of strong progress across research, development and marketing has been reported on at the Annual General Meeting of Australian Wool Innovation (AWI). International marketing campaigns continue to connect more retailers, brands and consumers with Australia’s natural fibre, aided by the development of new and innovative fabrics. Meanwhile, on farm research, development and extension initiatives such as the Merin...

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Online shopping in Asia is big business

Asia is driving the massive growth in online shopping, with youngsters in particular leading the charge. But why are they so keen and what are they spending their money on? Asia – its younger generations, in particular – has embraced online shopping and digital payments with remarkable enthusiasm. And given the UN’s estimate that there are 720 million people aged 15-24 living there – dwarfing North America’s 47 milli...

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Brexit could benefit the UK textile and clothing industry

The exit of the UK from the EU could benefit the UK textile and clothing industry, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence.   One consequence of the UK’s decision to exit the EU has been a fall in the value of sterling and this has made UK textile and clothing exports more competitive in terms of price. At the same time, many UK r...

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China cuts import tariffs on almost 200 consumer goods

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth. The Finance Ministry said tariffs will drop from an average 17.3% to 7.7% on products, including pharmaceuticals, food, health supplements and clothing. The cut will take effect from the beginning of December. The move is designed to encourage consumers to spend more at home rather than on...

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Electric & self-drive cars to create disruption to suppliers of textiles

Suppliers of technical textiles and related materials to the global automotive industry can expect major disruption in the coming years, according to a report in the latest issue of Technical Textile Markets from the global business information company Textiles Intelligence.   Such disruption will be due to two significant developments: recent initiatives which could result in the end of vehicles powered by internal ...

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Australian wool exports for September 2017

Australia exported 28 mkg of wool valued at $302 million in September, taking the progressive totals to 72 mkg, (+6.7%) and $735 million (+18.6%).   Exports to China were up by 5.6% in September and up by 8.0% in the July to September period. They accounted for 78.3% of Australia’s exports in September and for 76.1% in the year to date. India and Italy retain their positions as Australia’s second and third most impor...

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Consumer demand for synthetic fibres textile products will grow faster than cotton to 2025

Consumer demand for textile products, including clothing and home textiles, will grow by 2.8% per annum between 2015 and 2025, according to forecasts in a new report from the global business information company Textiles Intelligence. However, growth will be driven almost entirely by a rise in demand for textile products made from synthetic fibres.   The report notes that consumer demand for non-cotton textile product...

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Icebreaker sold to US retail giant VF Corporation

Merino wool clothing retailer Icebreaker has been sold to US-based VF Corporation, which owns The North Face, Timberland and Vans. Icebreaker founder Jeremy Moon, who started the company 22 years ago, said the acquisition was a once-in-a-lifetime opportunity. He did not reveal how much the company sold for. “Our partnership with VF provides us with the largest platform in the world to tell our story, access new marke...

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Japan’s economy posts longest growth

Japan’s economy has expanded for seven quarters in a row in the longest period of growth in more than a decade. Data showed gross domestic product (GDP) grew at an annualised rate of 1.4% between July and September. The solid quarterly result comes after more than four years of economic stimulus by Prime Minister Shinzo Abe. Exports and stronger global demand for Japanese products has driven the expansion which helpe...

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Alpaca Fiesta 2018

Alpaca Fiesta is the world’s most important alpaca event. Its aim is to publicize and promote alpaca in the world textile market. The organisers of this event invite you to attend this event in the city of Arequipa, Peru from   October 22nd to 27th. It will bring together the world’s most important breeders and researchers of Alpaca, as well as businesses and institutions within a festive environment. This event invo...

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Textile Machinery Association of Sweden opens office Vietnam

Textile Machinery Association of Sweden (TMAS), has established a local office in the 7th district of Ho Chi Minh City. Heading the office is Mr. Tran Phuoc Thanh, Business Development Representative for TMAS in Vietnam.   Mr. Tran comes with experience from the Vietnam National Textile and Garment Group. He has also gathered insights into the industry and undergone training in Sweden, from the Swedish textile machin...

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New strategy for Burberry

Luxury goods retailer Burberry, best known for its trench coats and distinctive check pattern, is to close some stores and withdraw from outlets that are not upmarket enough. The new strategy was announced along with its half-year results, which showed like-for-like sales up 4% and a 24% rise in operating profits to £127m. Burberry said it had made £20m in cost savings, taking cuts so far to £40m. Shares fell 12% on ...

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