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Latest Wool Trading News - February 2019

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As 2018 draws to a close we extend Festive Greetings to all our readers and wish everyone a safe and happy 2019!

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AWI announces $2.5 million investment in flystrike vaccination research

The $2.5 million four-year research investment is a collaboration between AWI, the University of Melbourne and CSIRO to undertake preliminary research into the development of a flystrike vaccine targeting the Australian sheep blowfly (Lucilia cuprina). AWI General Manager for Research, Dr Jane Littlejohn explained the Flystrike Vaccine project is expected to deliver an advanced flystrike prevention tool, providing wh...

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Indorama to acquire Schoeller

Indorama in Bangkok Thailand through its indirect subsidiary, Glanzstoff Management GmbH, has entered into a sale and purchase agreement with Schoeller Immobilien- und Beteiligungs GmbH and Schoeller Management GmbH.   Indorama will acquire a 100% equity stake in Schoeller Group in Europe, and its operating plants in Austria, Czech Republic and Germany.   Schoeller Group is a leading European producer of pure wool an...

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New Zealand Wool Market Report (20 December 2018)

The market for the reduced offering and the last sale of the year saw prices finish on a sombre note for most styles of Xbd wool reflecting the difficult place these wools are in the global market. There was more activity for new seasons’ lamb’s wool especially the sub 30 micron and some of the more stylish 30 to 33 micron hogget wools. A limited offering of mid-micron and Merino wool has also received solid support ...

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Malaysian clothing imports continue to surge

Malaysian clothing imports surged by no less than 425% in the seven years to 2017, according to a report in issue 194 of Textile Outlook International from the global business information company Textiles Intelligence. Moreover, further growth in imports is likely as a result of increases in clothing sales in the domestic market–in line with rising personal disposable incomes–as the government moves towards its goal ...

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AWI Report takes closer look at China

80% of Australian raw wool exports head to China and half of this is ultimately consumed there at retail. The latest AWI Report published in November examines the health of this most important market. In this report The Woolmark Co/AWI says that in to the Western/Northern Hemisphere markets, luxury brands are not yet impacted greatly by the price escalation seen over the last 12 months due the price elasticity they e...

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Armenian textile and apparel grew by 35%-43%

Annual exports of Armenian textile and apparel, including leather and shoe products grew by 35%-43%. Annual exports of Armenian textile and apparel products grew by 35%-43% To stimulate investments, the Armenian government has implemented numerous assistance programs, encouraging European, Iranian and Asian investors. Armenia’s membership to EAEU, provides investors opportunities to establish textile manufacturing fa...

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APL launches light, sustainable running shoe with wool

APL launches light, sustainable running shoe As the sports and outdoor industry continues to grow, leading brands are extending their use of wool from activewear into footwear. However, the success of wool in footwear lies not only in the fibre’s natural properties, but also in its ability to be constructed in a way that aids performance. Athletic Propulsion Labs® (APL) has unveiled its most sustainable and lightest ...

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British Wool’s 2018 Champion Golden Fleece award

A Shetland fleece is the winner of the 2018 British Wool National Golden Fleece competition, in association with JG Animal Health. Entered by Robin and Margaret McEwen-King, the fleece has been recognised as the best in the UK. The 2018 Reserve Champion title was awarded to Sam McConnell from Ballymartin, Co Down with a Rouge fleece. The Golden Fleece is a nationwide competition open to all British Wool producers, ai...

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Record Lambing for New Zealand sheep farmers

New Zealand B+LNZ’s Economic Service estimates the number of lambs tailed in spring 2018 was 23.5 million head, down 0.7 per cent (163,000 head) on the previous spring, with the small decline being due to the higher lambing percentage not offsetting the 2.1 per cent decline in breeding ewes. The average ewe lambing percentage in New Zealand for 2018 was 129.0 per cent, up 1.7 percentage points on last year and up nea...

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Asos issues profit warning over fashion discounting

Online fashion retailer Asos has warned of lower profits this financial year after heavy discounting hit its trading in November. Despite sales growth of 14% from September to November, it had seen “a significant deterioration” in November. Economic uncertainty plus weaker consumer confidence had led to “the weakest growth in online clothing sales in recent years”. “As a result, we have reduced our expectations,” the...

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