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Latest Wool Trading News - September 2014

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Queensland Cotton moves away from wool trading

Another export company will exit the wool game in Australia. Queensland Cotton was one of Australia’s leading wool export companies, selling about 150,000 bales annually, but parent company Olam International is shutting the division down. The move follows Landmark’s 2013 decisio...

IWTO President Peter Ackroyd visits Australia

Peter Ackroyd has been touring Australia and attended Wool Week festivities held in Melbourne last week. He made a presentation to Wool Week delegates about the latest initiatives undertaken by IWTO and Campaign for Wool. Wool Week was organised by Australian Wool Industries Secr...

Vietnam is set to gain most from a cutback on sourcing

Rising costs in China have been forcing an increasing number of Western apparel brands and retailers to cut back on sourcing in China and have more of their apparel manufactured elsewhere, according to information company Textiles Intelligence. However, in looking for alternative...

New Zealand National Wool Market Report (28 August 2014)

South Island Wool sale prices consolidated on the back of continuing short falls of volumes coming forward onto the market. Bales on offer 7,713, bales sold 6,416 (83% )   The South Island auction this week comprised 7,700 bales of which 83 percent sold. The offering consisted of...

Australian Woolgrowers discuss flystrike prevention program.

Woolgrowers, researchers, consultants, vets and welfare experts have discussed the latest developments and trial results from Australian Wool Innovation’s (AWI) flystrike prevention program. Protecting the national flock from flystrike remains a top research priority at AWI. Over...

Mohair Market Report (26 August 2014)

The second sale of the 2014 winter season took place in Port Elizabeth. A total of 109 117kg’s were on offer, with nearly a 100% sales clearance. The offering consisted of better quality and length than the hair on offer on the first winter sale. This resulted in strong completio...

NZ Farmers take over Christchurch Yarns

New Zealand wool farmers have an agreement in place to buy Christchurch Yarns NZ mill, describing the deal as a “significant” industry event to supply the carpet manufacturing industry. Christchurch Yarns NZ went into receivership in April. According to Hawkes Bay-based farmer Ba...

China sets up textile fund to boost Xinjiang textile industry

China has set up a 20 billion yuan ($3.2 billion) fund to boost the textile industry in its western Xinjiang region, state media said on Friday, in an effort to enhance stability where unemployment is seen as fuelling ethnic tension. Experts say employment discrimination along wi...

The Campaign for Wool – wool loving cyclists get ready for Wool Ride

This year, Wool Week will launch its ‘frenzy of fibre’ as over 300 wool loving cyclists from across the country gather in London for a one of a kind experience. Starting and finishing at Potters Fields on Sunday 5th October, the bicycle ride will journey through some of the stree...

UK County Durham clothing company deal to bring jobs

Up to 200 jobs are to be created in County Durham UK after a clothing manufacturer signed a deal with a supermarket chain. The AMA Group, at Whitehouse Business Park, Peterlee, has secured a contract with Tesco to produce clothing for their Florence and Fred (F&F) range. The grou...

Sheep sales season starts for British Wool

As the major sheep sales season gets in to full swing the British Wool Marketing Board is looking forward to meeting wool producers at a number of auction markets over the coming months.   BWMB chairman Malcolm Corbett said with auction markets and the BWMB fulfilling similar rol...

Mixed signals from China

China’s latest industrial production and retail sales figures are higher in July from one year ago but the pace of expansion has slowed. Industrial production, a measure of output at factories, workshops and mines jumped 9% in July, compared to a 9.2% rise in June. Retail sales i...

Eurozone business growth slows

Eurozone business growth slowed in August, weighed down by sluggish French and German economies. The latest Markit Composite Purchasing Managers’ Index (PMI) fell to 52.8 from July’s 53.8. A reading above 50 indicates growth. In France, the service sector expanded faster, but man...

Italian textiles struggle to weave a new spell

During the 20th century Italy’s textile industry has been a central driver of the country’s economic growth. But Italian fabric manufacturers have struggled since globalization opened the sector to cheap Asian competition at the end of the 1990s. Though Italy’s fabric industry ha...

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