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Latest Wool Trading News - February 2018

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WoolQ

A new online wool industry trading and data system will be launched soon according to Australian Wool Innovation.  A new app called WoolQ is a $3m project funded by Australian Wool Innovation to trade wool, hold data on the industry, and replace a lot of paper records. The portal is under construction and it will take nine months to complete with the first element trialling from January 2018. Source: AWI

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IWTO Wool Round Table South Africa

IWTO held its annual Wool Round Table 7-8 December in Port Elizabeth, South Africa, hub of the country’s wool and mohair industry. The price of Merino is at record highs, however wool hovers at just over 1% of the world’s total fibre production. But the wool message remains strong: throwaway culture is on its way out, and with the weight of both science and common sense around it, the wool industry is primed with the...

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Australian wool market – AWI Commentary

The market downturn of the past two weeks seems to have halted across most types on offer this week at Australian wool auctions. Weak market conditions were witnessed initially on the first day of selling, but this was quickly followed by a solid consolidation. Prices then commenced to rise towards the close, particularly across the FNF (Free to Nearly Free – less than 1% vegetable matter) Merino fleece wools of all ...

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NZ Wool Market Report (1 February 2018)

North Island 8500 bales offered for sale.  South Island 10800 bales offered for sale – the offering was made up of approx. – 24% Xbd Fleece, 19% Xbd 2nd Shear and early shorn, 8.5% Hgt fleece and early shorn, 8% 1st lambs, balance  2nd Shear Odds, XBD bulky oddments and misc. The market compared to the last South Island sale 11th January 2018: XBD Fleece BB to BB/B style was par to 3% dearer, B style par to 3% dearer...

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South Africa Wool Market Report

Port Elizabeth – The wool market traded slightly lower today and the Cape Wools Merino Indicator decreased by 0,7% and by 132 points to close at a value of R184,24 (Clean). The Australian EMI lost 0,6% this week. The Cape Wools All Wool Indicator lost by 0,4%. The wool market continued its sterling performance and capitalised on the good demand for quality long and fine wool. Prices were marginally softer, and the fi...

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Australia’s WoolPoll – setting future funding levels

Every three years, Australian woolgrowers set the future funding level of their wool research, development and marketing body through WoolPoll. Federal government regulations require AWI to consult a panel of woolgrower representatives to assist in running the poll. This WoolPoll Panel works with AWI and endorses the voting documentation and processes, ensuring transparency and integrity throughout. Panel members als...

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Matthew Miller and Bodice and Dyne win 2017/18 Woolmark Prize

Matthew Miller and Bodice – from the British Isles and India are names the winners of the menswear and womenswear 2017/2018 International Woolmark Prize, presented at a special event during Pitti Uomo at Stazione Leopolda in Florence. In addition, the USA’s DYNE was announced the winner of the inaugural Innovation Award. Connecting the world’s leading fashion designers with Australian Merino wool is extremely importa...

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Record lambing for NZ Farmers

A record lambing percentage underpins a lift in lamb numbers, according to Beef + Lamb New Zealand’s (B+LNZ) Lamb Crop 2017 report. Research by B+LNZ’s Economic Service estimates the number of lambs tailed in spring 2017 was 23.7 million head, up 1.9 per cent (436,000 head) on the previous spring. The average ewe lambing percentage for 2017 was 127.2, up 4.4 percentage points on last year and up 6.4 percentage points...

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US economy loses steam

US economic growth slowed unexpectedly to an annualised rate of 2.6% in the last three months of 2017, the Commerce Department said. Economists had expected the rate to be 3% – the same as the three months to September. A surge in imports was blamed for the slowdown, which meant growth for 2017 came in at 2.3%. That was better than the 1.5% posted in 2016, but well short of President Donald Trump’s 3% target. Imports...

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Tollegno 1900 – back to basics

Tollegno 1900’s new Spring/Summer 2019 collection is ‘practical, solid, compact and highlights individual yarns and celebrates colour in its most raw, full, earthly nature’, says a company spokesperson. ‘The Spring/Summer 2019 dismisses all things lavish and promotes the intrinsic value of each product. We use 100% Cashmere, 100% Ultrafine and Extrafine Merino Wool) and blends (silk, viscose, linen, cotton), but also...

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Australian Alpaca plans to double in size

A transformation is underway within Australia’s alpaca industry as it attempts to double the size of the nation’s herd within the next few years. Once the domain of hobby farmers in Australia, the industry has become fully sustainable and has never been stronger, according to Australian Alpaca Association president Ian Frith. “It’s really on an upward curve [and] fleece sales are excellent at the moment,” he said. “S...

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Key Test Data Summary for January 2018

The monthly comparisons of Total Lots, Bales and Weight for January 2018 compared with the same period last season are: +20.6%, +14.6% and +14.2% respectively. The progressive comparisons of Total Lots, Bales and Weight for July 2017 – January 2018 compared with the same period last season are: +7.2%, +3.5% and +3.1% respectively. AWTA Ltd has tested 213.7 mkg (million kilograms) this season compared with 207.3 mkg f...

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ACIMIT a major player at Techtextil Russia

  The Association of Italian Textile Machinery Manufacturers (ACIMIT), and the Italian Trade Agency for the promotion and internationalization of Italian businesses abroad, will be organizing an exhibition space at the upcoming edition of Techtextil Russia, the specialized trade fair dedicated to technical textiles and nonwovens, slated to be held in Moscow from 20 to 23 March 2018.   A total of 22 companies will be ...

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Eurozone growth hit 10-year high in 2017

The eurozone’s economy grew at its fastest pace for a decade in 2017 according to official figures. The economy of the 19-nation bloc grew by 2.5% last year, according to Eurostat, the strongest growth since the 3% rate seen in 2007.Eurostat also said that the eurozone grew by 0.6% in the final three months of 2017. The European Central Bank has been carrying out a huge stimulus programme in an attempt to drive euroz...

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