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Latest Wool Trading News - May 2018

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Seasonal Conditions Hold Back Australian Wool Production

The Australian Wool Production Forecasting Committee forecasts that Australian shorn wool production in 2017/18 will reach 338 mkg greasy. This is a 0.6% decline from the levels in 2016/17 and is largely the result of more difficult seasonal conditions in many of the major wool growing areas. This has resulted in lower fleece weights. It comes despite the strong wool market conditions which are encouraging producers ...

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Australian Wool Innovation Market Intelligence – March

In its March report Australian Wool Innovation Market Intelligence looked at the sharp rises in wool prices. Wool remains at very competitive levels historically, despite pulling back slightly from the record highs seen over the past two months. The Eastern Market Indicator (EMI) has risen somewhat consistently over the past 5 years, while the past 12 months has seen a very sharp rise in a short amount of time. The f...

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Australian Wool Market Report (AWI) 27 April 2018

All signals led to a dearer market this week at Australian wool auctions, and on the surface those expectations were largely met, but with some overriding caveats. Some extravagant gains were made on local markets, particularly within the comeback and crossbred sectors (24 to 32 micron) which is a break away from season-long trends. Indicative of this was the 25 micron price guide lifting by an extraordinary 149ac. W...

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New Zealand Wool Market Report 27 April 2018

South Island only – 8601 bales were on offer. 76% sold. The selection consisted of mainly average/good style fleece and early shorn 35.0 to 38.0 micron.  Also available were good style lambs 29.5 to 30.5 micron.   There was very keen buying from China and from Europe, United Kingdom and Australasian carpet mills.   Fleece – all descriptions were 5% dearer. Early shorn and second shears were 5% dearer. All lambs gener...

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South Africa Wool Market Report (25 April 2018)

Port Elizabeth – The wool market traded higher today and the Cape Wools Merino Indicator increased by 4,1% and by 741 points to close at a value of R189,54 (Clean). The Australian EMI increased by 2,3% this week. The Cape Wools All Wool Indicator increased by 4,6%. The wool market maintained its strong performance and closed firmer due primarily to the continued excellent demand for quality long and fine wool. This w...

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UK Wool Sale Report 24th April 2018

The British Wool index was down 2% sale on sale at £1.511 clean. Total weight offered 1.534m kg. Total weight sold 1.475m kg. Average clean price 154.2p. Average greasy price 104.2p. Following on from recent very strong sales today’s sale saw a slight softening of many prices, nevertheless the clearance was 96%. Fine: 4-7% dearer. Medium Ewes Discoloured: 3% dearer other medium types generally 2-4% cheaper. Mule: 2-3...

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Newborn Prince Debuts in Soft Wool Baby Shawl

When Prince William and Princess Kate’s newborn made his debut outside a London hospital, he did so in a shawl steeped in royal history. The baby, whose name has not yet been announced, was swaddled in a shawl made by G.H. Hurt & Son, a Nottingham, England-based maker of lace knitwear that was founded in 1912.   The company has a “long-standing connection with The Royal Family,” Kensington Palace said in a statement....

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British Homeowners Turn to Independent Retailers for Wool Carpet

New research shows the nation turns to independent flooring retailers over e-zines, glossy home interest titles or social media channels for trusted advice and interiors inspiration.   Over half (52%) of 1,000 homeowners surveyed by OnePoll on behalf of Dewsbury-based wool spinner, Lawton Yarns, said they were most likely to seek out smaller, specialist stores to help inform their purchasing decisions. What’s more, 4...

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Australian Wool in Boston Marathon

The Woolmark Company (TWC) has joined forces with one of the most influential global sportswear brands and the world’s most prestigious marathon event. A three-year, three-way partnership with The Woolmark Company, adidas and the Boston Athletic Association (BAA) kicked off at this year’s Boston Marathon held on April 16th in Massachusetts, United States. The Woolmark Company is the marketing arm of Australian Wool I...

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Could the Royal Baby Boost the UK Economy?

Spring is here, the sun is shining and a royal baby has arrived making some of us feel a bit happier. It seems overdue. Consumer confidence has been dented in recent years as wages have failed to keep pace with inflation – leading to what economists call a squeeze on real incomes. Lower spending has seen several well known retailers forced to close shops, or even close down altogether. Could the arrival of a baby enc...

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New Animal Welfare Regulations for NZ

The introduction of regulations to support compliance with New Zealand’s animal welfare legislation will add further weight to New Zealand’s welfare standards, according to Beef + Lamb New Zealand. Dave Harrison, General Manager Policy and Advocacy of Beef + Lamb New Zealand (B+LNZ) said: “World Animal Protection has given New Zealand an ‘A’ ranking on its Animal Protection Index, one of only four countries to achiev...

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China Economy Could Slow

China’s leaders are giving their strongest signal since 2015 that growth in the world’s second-largest economy could slow — and that they’re prepared to tweak policy if trade or financial risks threaten a sharp deceleration. Hard work is needed to meet this year’s economic targets amid an increasingly complicated geopolitical situation, according to a statement released by state media following a Politburo meeting le...

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TMA ASIA + CITME 2018 – Receives Strong Support

The sixth edition of ITMA ASIA + CITME has received extremely strong support from both domestic and international textile machinery manufacturers. With six months still to go before the combined event, ITMA ASIA + CITME 2018 is heading for another successful showing.   Over 1,600 textile machinery manufacturers have applied to exhibit at the sixth combined show, snapping up all of the available 170,000 square metres ...

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Huntsman Dye Patent Upheld in China

Huntsman Corporation (NYSE: HUN) has announced that the Patent Re-examination Board of the State Intellectual Property Office, China (PRB) upheld Huntsman’s Chinese Patents Nos. ZL00106403.7 and ZL200480003051.4.   These patents were contested by Shaoxing Bangyi Chemical Co., Ltd. and Taixing Jinyun Dyestuff Co., Ltd. By its ruling, the PRB rejected the positions of the petitioners and confirmed that Huntsman’s pate...

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Belgrade New Base for Turkish Firms – Easier Access to EU

Belgrade is now the new base for medium and big Turkish firms as the city offers easier access to the European market and helps reduce logistics time and costs. These companies, including 10 from the textile sector, have invested $100 million in Serbia and are aiming to raise their capacity in future. Many are attracted to the incentives offered. Serbia’s highly trained power and lower minimum wage increase add to th...

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Five Years after Factory Collapse in Bangladesh

Life is safer for many workers in Bangladesh five years after the horrific Rana Plaza apparel factory collapse, which killed 1,134 people, mostly young women. But the two main safety programs organized by foreign companies don’t cover thousands of factories run by subcontractors, and one of the programs is set to expire by the end of 2018. Those are the main findings of a report by the Center for Business and Human R...

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