This is the last issue of woolnews for 2013. We wish you a happy and safe festive season and look forward to bringing you news again in 2014. Please watch out for our new look woolnews in the New Year. Full Report »
Another year is coming to an end. It has been a good year for some but not so good for others. The global economy is just as dysfunctional now as it was before the GFC - the US continues its easy money monetary policy, the Euro debt is still there, although perhaps in slightly better shape, and China still relies on factories and state run building projects to fuel its economy.
'The situation in the Chinese wool industry is still very mixed', says Robert Wang China Manager AWTA. 'Big wool processors ...Full Report »
The November edition of AWI Market Intelligent report focuses on consumer perceptions of the environmental sustainability of wool production. AWI sees this as an important perspective, since so often we are exposed though the media to the views of pressure groups.
An increasingly important driver of consumer purchasing behaviour, especially those with high discretionary income, is the perceived social and environmental sustainability of the product or service. This applies to textiles as well, and is in part reflected by the growing plethora of environmental rating tools and agencies, such as the ...Full Report »
AWI Market Intelligence has highlighted the enduring strength and resilience of the luxury product market through the Global Financial Crisis and its on-going aftermath. With this in mind, the November report by AWI Market Intelligence points out that it is worth considering the recent sales reports from some of its key brand partners in the luxury apparel market:
• Giorgio Armani sales revenue have grown by 15.9% year-on-year to €2.09 billion (AU$2.59 billion1), with net profits up 7.9% year-on-year.
• Burberry PLC reported sales for the April to September period grew by ...Full Report »
Australian wool auctions seem to have now broken the oscillating trend of the past year, with another week of strong progressive gains. Wool prices have seemingly settled into more economically charted patterns, with supply, demand and currency movements being the main ingredients for the more predictable market direction.
A major factor for this change is surely the stronger competition to China buyers in the sale rooms from other buying destinations such as India, Italy, and other European users. As such the Chinese buyers are now taking under 70% of our clip, ...Full Report »
The eighth British Wool Sale of the 2013/14 Season was held by the British Wool Marketing Board at Wool House and offered 1,574,393 kgs. There was strong demand once again at sale resulting in a 98% clearance.
Avg. price (p per kg) - 161, indicator (greasy) - 162, indicator (clean) - 238.
Compared to the last time sold Fine Wools generally 2-6% dearer Halfbred Hogs 2.5% dearer, other Halfbreds Sellers Favour Mules Fully Firm, Cheviot Wethers 8-10% dearer, Hogs Fully Firm, Radnors Fully Firm, Welsh Firm White Swaledale Fully Firm, Light Grey ...Full Report »
The relatively inflated wool values corrected today as clients stand out of the market due to lack of orders at the recent price levels. Bales on offer 8,028, bales Sold 6,391 (80%).
The currency indicator eased 1.8 percent compared to the last sale on 21st November, having practically no impact on the demand driven market drop.
Of the 8,000 bales of North Island wool on offer this week 80 percent sold.
Fine Crossbred Fleece and Shears came down between 7 and 9 percent.
Coarse Carpet Fleece and Shears were 5 to 9 percent weaker ...Full Report »
The wool market came under pressure at last week’s sale with the Cape Wool’s Merino Indicator shedding 3,1% on last week to close the day at R111,48/kg (clean). This is 9,3% higher compared to the opening sale of this season and up 8,2% compared to the corresponding sale of the previous season.
The market appeared to be without direction while resistance to the high price levels may also have contributed to the lower prices. The sale resulted in a 94% clearance of the 11 243 bales on offer.
The rand on the ...Full Report »
China, which has about half the world's cotton, will start sales from its reserves, the China National Cotton Exchange has said.
The aim is to increase the supply to China's domestic textile market.
But the sale, from its 10 million tonnes of stockpiled cotton, is likely to meet stiff competition from cheap Indian imports, traders have said.
It is expected to be priced at 18,000 yuan (£1,810; $2,950) a tonne, about 70% more than current world prices.
Traders said India's new crop quality may be slightly better than China's 2011 crop, from which the ...Full Report »
Wool growers have elected two new faces to the board of Australian Wool Innovation. (AWI)
Wool tester Paul Cocking from the Riverina in NSW and large South Australian wool grower James Morgan were elected to the board and Dr Meredith Sheil was re-elected to the board at the annual general meeting of Australian Wool Innovation.
Paul Cocking is a commercial wool grower with a background in science who says he wants to help the board understand new technology, genetics and genomics.
He says his wool grower clients want a balanced debate on research ...Full Report »
The American Apparel & Footwear Association (AAFA) has published
the 13th edition of its Restricted Substances List (RSL) which covers
apparel, footwear and home textiles.
The list identifies chemicals and other substances restricted in consumer products that are
regulated through US governmental regulation or law, as well as the European Union’s
REACH program and other national regulations.
The AAFA RSL provides the US apparel and footwear industry with a variety of tools to help
make optimum sourcing decisions and assists the industry in creating a safer and
sustainable supply chain.
Changes on the Restricted Substances List from Release 12 ...Full Report »
Iconic denim label Levi Strauss and Co has released a new wool-blend jean in North America using Australian wool.
Made by iconic jean label Levi Strauss and Co, the 501 style jeans are 12 per cent wool and include a wool-blend mark logo on the inside pocket flap.
Woolgrowers got a chance to inspect the new wool-blend 501s at Australian Wool Innovation (AWI) annual general meeting in Sydney.
AWI chief executive Stuart McCullough said the new jeans were substantially different to wool denim previously offered which had blended wool and cotton and made ...Full Report »
Strong clearances at British Wool Marketing Board (BWMB) auctions are continuing and the hope is this increased demand can be maintained throughout the 2013 selling season, BWMB South Wales Board member Gethin Havard tells farmers attending this year’s Royal Welsh Winter Fair, Builth on Monday 2nd and Tuesday 3rd December.
An increasing level of confidence in the economic outlook across both Europe and the rest of the world is having a positive impact on wool prices. The latter half of the 2012 selling season and the opening sales of the current ...Full Report »
AWI's revenue dropped by nearly $5 million this past financial year, is a result of smaller levies from lower than forecast wool prices.
CEO Mr McCullough said despite this, the company was spending more on research and promotion.
He says the company had decided to draw down on its reserves by $6 million last year and $15 million this financial year.
He unveiled several new promotions with many of them featuring international stars like Elton John who will be on the cover of the next Beyond the Bale Woolmark magazine, dressed in wool.
The ...Full Report »
Consumer prices in Japan rose at the fastest pace in five years in October, suggesting policymakers' attempts to end years of deflation are working. Consumer prices, excluding food, rose 0.9% from a year earlier. Prices have now risen for five months in a row.
Japan has been battling deflation, or falling prices, for best part of the past 20 years.
It is seen as a major drag on its economy and policymakers have unveiled a series of measures to end the cycle. While falling prices may sound good to those experiencing inflation, ...Full Report »