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Latest Wool Trading News - October 2014

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New Zealand Wool Market Report (25 Sep 2014)

South Island Wool Sale prices held firm to slightly dearer across all categories. Bales on offer 12,117, bales sold 9,936 (82%).   The Trade Weighted Indicator continued its recent decline at 0.7269 against 0.7305 last week. A small Half-bred offering was generally 2.5 to 3.5% de...

Australian wool production to ease in 2014/15

The Australian Wool Production Forecasting Committee’s second forecast for 2014/15 has revised shorn wool production to 328 mkg, down 3.7% from 2013/14 levels. This decrease reflects the reduction in sheep numbers due to the high slaughter rates in 2013/14 even though average fle...

Australian wool market review from AWI (25 September)

The Australian wool market consolidated this week, with very little change to buyers’ strategies. The AWEX EMI (Eastern Market Indicator) closed the week as it started, at 1023ac clean/kg (Australian cents). The better tested Merino types continue to be well sought, and prices ar...

UK Wool Market Report (23 September 2014)

The British Wool Marketing Board offered 1,850,000 kgs of wool at its latest auction sale. The sale started strongly and the demand was maintained throughout which resulted in a clearance of 98%. Compared to last time sold: Fine types: fully firm. Medium types: fully firm. Mule t...

South African Wool Price Levels Sustained

Port Elizabeth – The wool market maintained its recent gains and the Cape Wools Merino indicator closed up by a marginal 0,6% at R114,68/kg (clean). This is 2,7% higher compared to the opening sale of this season and 2,0% up compared to the corresponding sale of the previous seas...

China to cut cotton import quotas to boost demand for domestic fibre

China, the world’s top consumer of cotton, will slash its import quotas for 2015 to boost demand for domestic fibre, a senior official said, in a move that is expected to put downward pressure on international prices.   Beijing will only provide import quotas next year for the 89...

Nanjing Wool Market Conference September 2014

The 26th International Wool Trade Fair & Information Conference (NWM) was held in China’s ancient city – Nanjing. Nearly 500 representatives from 26 countries as well as relevant national ministries and local government agencies from within China attended the annual conference th...

ALPACA FIESTA 2014 to be held in Peru later next month

‘This Fair is considered the most important in its sector and seeks to position luxury alpaca garments in the international market, especially in those countries in the northern hemisphere with greater purchasing power’, says Magali Silva Velarde-Alvarez, Peru’s Minister for Fore...

NZ wool levy vote under way

Farmers are keeping their gut feelings to themselves as the wool levy vote nudges closer to its result. Voting began with papers sent to sheep farmers for the referendum and closes on October 10. The Wool Levy Group is urging farmers to make their voices felt and get behind the d...

Scientists develop eco-friendly sheep

Scientists have moved a step closer to developing a breed of sheep that belches less methane, New Zealand researchers say. A study by scientists from New Zealand’s AgResearch Institute and the US Department of Energy’s Joint Genome Institute, published in the journal Genome Resea...

The Campaign for Wool – Global Wool Week from France to the Netherlands

This global endeavour seeks to highlight and spread awareness of the near endless possibilities that wool can bring with fun inclusive activities for all ages that educate and inform about the benefits of wool.   This year’s wool festivities started in Paris with French Wool Week...

Cotton production exceeds consumption for 5th consecutive season

In 2014/15, the world cotton industry is expected to enter its fifth consecutive season in which production exceeds consumption. World production is forecast to decline by 400,000 tons to 26.05 million tons while consumption could grow by 4% to 24.4 million tons, resulting in a s...

NZ Wool deal puts sector on track for unity

New Zealand’s fragmented wool industry has taken a small step towards consolidation with the purchase of a 5 per cent stake in Wool Equities by the Primary Wool Co-operative (PWC). The move makes PWC the largest single shareholder of processor Wool Equities, which has 9500 farmer...

Vietnam National Textile and Garment Group fails raises $58 mln

Vietnam’s state-run textiles and garment maker Vinatex fell short of selling all shares in its initial public offering, underscoring the hurdles the government faces in successfully pulling off more than 400 planned partial privatisations. Vinatex’s stock sale, which raised 1.2 b...

American Sheep Industry Association approves budget for 2014-15 year

The American Sheep Industry Association’s (ASI) Board of Directors unanimously approved the association’s fiscal year 2014-2015 wool budget and the legislative budget as well as a supplemental budget dedicated to the Grow our Flock and sheep research priorities. The budget propos...

Cambodia garment workers renew wage campaign

Cambodia deployed armed troops in its capital as garment workers held rallies to revive a campaign for higher wages that had helped to stoke a year-long political crisis. About 500 textile workers rallied in an industrial suburb of Phnom Penh, demanding a sharp hike in the monthl...

China September factory activity edges up but employment shrinks

China’s manufacturing sector unexpectedly picked up some momentum in September even as factory employment slumped to a 5-1/2-year low, a potential source of worry for Communist leaders who prize social stability above all else. Signs of a weakening labor market reinforced expecta...

SGS inaugurates new textile testing laboratory in Phnom Penh, Cambodia

The newly-inaugurated SGS laboratory in Phnom Penh is equipped with the-state-of-the-art facilities to provide physical and restricted substances testing for the entire range of apparel and textile products and restricted substances testing for footwear products. The presence of ...

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