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Latest Wool Trading News - March 2017

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China drives cost higher for Superfine wool

There are two key reasons why prices for superfine wool will be strong this season says Robert Wang AWI China Manager.  Mills in China believe that there is not enough available. ‘The Chinese domestic market is expected to be busy for at least the next two years in relation to finer wools and woolen mills building up their stocks’. ‘We are talking about fine and superfine wool at 19.5 micron and finer, apparel fleece...

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Australian Wool Growers welcomes strong start to New Year

Recent wool prices have been a welcome start to the 2017 calendar year, with the EMI (Eastern Market Indicator) reaching well above 1400 ac clean/kg. The market has been marked by record highs and even ‘peak’ wool values, yet it is important to understand the previous times wool has achieved these values. This month we place some historical context around the current market and explore supply versus demand. It has be...

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Akel Tekstil recognised among 100 fastest growing companies in Turkey

Well known Turkish export company, Akel Tekstil, has been recognised as one of the fastest growing companies in Turkey at a special presentation organised by Turkish government. TOBB (Union of Chambers and Commodities Exchanges of Turkey) President M. Rifat Hisarcıklıoğlu, speaking at the awards ceremony of Turkey 100 competition which determines the fastest growing companies, said, “We want to draw attention to the ...

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AWI Australian Wool Market Commentary (10 February 2017)

The keen purchasing interest continued unabated at Australian wool auction markets this week. Price rises were registered across the offerings, with the Merino sector again being the main recipient of the spot buyers’ willingness, or rather, necessity, to pay more. The strength of the European orders in the rooms was intense and the better specified finer lots were heavily targeted and bought at ever increasing level...

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NZ Wool Market Report (9 February 2017)

The North Island auction of 5500 bales saw a 77 percent clearance with most types firm to slightly dearer. The weighted indicator for the main trading currencies moved down 0.41 percent, helping local prices slightly. More client interest and small offerings appear to have stabilised the market.   Compared to the last North Island sale on 2nd February: fine crossbred fleece were firm with longer shears also firm and ...

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South African Wool Market Report (8 February)

The wool market traded 1,9% higher this week and the Cape Wools Merino Indicator increased by 306 points to close at a value of R161,96 (Clean). On the Australian market, the EMI increased1,0%. The Cape Wools All Wool Indicator gained 0,5%. A small amount of wool comprising only 6863 bales was offered for sale today of which 67% was rated average to inferior. This resulted in keen competition for the better quality g...

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Change of management at Lindauer DORNIER GmbH

Andreas Kückelmann (Dipl.-Ing.) was appointed as Managing Director of the Business Unit Speciality Machinery from 1st January 2017. After his studies in mechanical engineering Mr. Kückelmann has gained several years experience in different mechanical and systems engineering positions and spent the last 11 years as managing director for the printing-press manufacturer Bobst Bielefeld GmbH.   His predecessor, Mr. Dipl....

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American Sheep Industry conveys priorities to new Trump Administration

In preparation for the New Year and new administration, the American Sheep Industry Association, on behalf of the nation’s 88,000 sheep producers, provided the Trump Administration a list of priorities they hope will be considered for immediate action. Burton Pfliger, ASI President and North Dakota sheep producer said America’s sheep producers are struggling amidst the last eight years of regulatory rampage. “It is n...

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Grown in Australia, Made in India

Acclaimed Indian fashion designer Rajesh Pratap Singh collaborated with Kullu-based handloom weavers Bhuttico to present a Merino wool menswear and womenswear collection as part of The Woolmark Company’s Grown In Australia, Made In India campaign. This exclusive collection focused on the handloom journey of Bhuttico including its rich legacy and comprises a mix of jackets, dresses and shawls. Grown In Australia, Made...

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A functional knitwear in your suitcase from Baruffa and Botto Poala

The company presents a collection where functionality is the central concept. ‘This is the ideal yarns to produce fresh and functional knitwear’, says a company spokesperson. She  comments that ‘from the finest and lightest counts, ideal to knit weightless garments – so light that you can forget them in your bag or in your pocket over the weekend, if the weather doesn’t play tricks on you, or wear them directly to th...

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UK Golden Fleece to go under the hammer

A Bluefaced Leicester fleece which was the winner of the British Wool Marketing Board’s 2016 Golden Fleece competition will go under the hammer to raise money for Cancer Research UK and the children’s hospice Ty Gobaith, Conwy. The fleece from Anglesey-based sheep farmers Myrfyn and Jayne Roberts was sheared from one of the couple’s pedigree Bluefaced Leicester ewes and weighs 670g, with a staple length of 19cm and i...

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Cottweiler & Gabriela Hearst win the 2016/17 international Woolmark prize

Cottweiler and Gabriela Hearst were announced the winners of the menswear and womenswear 2016/2017 International Woolmark Prize, presented at a special event at the iconic Palais de Tokyo, Paris. The return of the International Woolmark Prize to Paris nods to the original awards, initiated by the International Wool Secretariat in 1953. This year also marks the first time the menswear and womenswear awards have been h...

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Largest textile design competition in the UK invites entries

The Bradford Textile Society Design Competition has been running for almost one hundred years and is probably the largest textile design competition in the UK and one of the most highly regarded due to the breadth of textile areas covered. There are 12 sections covering Knit, Print, Weave, Mixed Textile Processes, Innovative Processes and/or Materials and Textile Design with Illustration/Visualisation. The various se...

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China’s economy grows 6.7% in 2016

China’s economy grew by 6.7% in 2016, compared with 6.9% a year earlier, according to official data, marking its slowest growth since 1990. The figure is in line with Beijing’s growth target of between 6.5% and 7%. But the data comes days after the leader of one Chinese province admitted GDP data was faked for several years. China is a key driver of the global economy and a growth slowdown is a major concern for inve...

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The 250-year-old Yorkshire textiles company stands the test of time

As it marks its 250th anniversary, a luxury textiles company is proving that traditional British design and manufacturing that stands the test of time. From its base in Batley, in the heart of the historic Yorkshire textile industry, Joshua Ellis supplies luxury designer fabrics to some of the world’s leading designers and fashion houses. Its cashmere and fine natural fibre fabrics and accessories, including the rare...

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On the road to Jersey

The Tollegno 1900 collection for next winter has carefully focused on the jersey universe – not only offering single count versions of our most internationally successful yarn: “Harmony”, “Harmony Topwash”, “New Royal”, “Charme”, “Vicky” – but also by developing new yarn in the Tollegno 1900 lab, the laboratory dedicated to the both yarn and fabric divisions to promote development of new materials and processes. Alon...

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Is US retail giant Sears heading for bankruptcy?

The 130-year-old company operates one of America’s best-known department store brands, Sears, Roebuck & Company, along with the ubiquitous Kmart chain, and was America’s largest retail company until 1989. But the firm has recently found itself in a crisis as it struggles to turn a profit as Americans increasingly shop online rather than in shopping centres. In January, the company behind the group said it was selling...

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Federal Reserve upbeat on US economy

The US central bank remained positive on the economy, as it kept interest rates on hold in its first meeting since President Donald Trump took office. The Federal Reserve ruled unanimously to keep its benchmark interest rate in a range of 0.5% to 0.75%. The jobs market and economic activity had continued to strengthen, it said. “Measures of consumer and business sentiment have improved of late,” the central bank also...

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