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Latest Wool Trading News - August 2017

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Wool remains strong at new Milano Unica

Bringing Milano Unica forward by two months was a bold decision, but one that paid off as the latest edition saw strong visitor numbers and a keen interest in wool. Milano Unica has successfully advancing the date of the Autumn/Winter collections for 2018/19 to July from its usual September slot. Milano Unica President Ercole Botto Poala expressed satisfaction that visitor numbers had held up, and that there was a su...

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Australian dollar keeps climbing

The Australian dollar’s climb above 80 U.S. cents isn’t the sort of development that policy makers and companies are likely to welcome, but the currency’s rally shrugged off weak inflation, technical sell signals and local central bank efforts to douse rate-hike speculation. Reserve Bank of Australia Governor Philip Lowe said he was “very comfortable” with current policy settings, though a bit concerned about weak wa...

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Why we need to tell our wool stories differently

Everyone loves a good story. Stories captivate us. Stories can keep us at the edge of our chair, make us laugh out loud or provoke tears rolling down our cheek. Stories can transmit knowledge from generation to generation. Hollywood and Bollywood are industry sectors entirely built on telling good stories. When it comes to wool we always say that wool has a great story to tell. And indeed it does. Many stories. The n...

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New Zealand Wool Sales 27 July 2017

Bales on offer 6452, Bales Sold 4727 (74%). The selection consisted of mainly good and good/average colour crossbred pre-lamb fleeces and a good selection of crossbred shears with a limited selection of lambs. There was also a small selection of halfbred fleece of generally good colour and a full range of oddments from full length combing to short good colour clothing style. The competition was from Europe and the Un...

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BWMB Wool Sale Report ( 25th July 2017)

The second sale of the 2017/2018 Season was held by the British Wool Marketing Board at Wool House and offered 1,532,388 kgs. After some initial hesitancy the market gathered some momentum. Good colour combing wools were well sought after. The clearance was 69%. Fine types: No.1’s 3-5% dearer, No.2’s 4% cheaper. Medium types: No.1’s 4-5% dearer, No.2 & discoloured 4% cheaper. Mule types: 2-5% cheaper. Cheviot types: ...

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The Wool Industry Responds to Pulse Report

IWTO has responded to a recent Fibre vs Fibre report on the fashion industry that calls for brands to use more man-made fibres. How reports like these favour synthetics and the wool industry’s response. IWTO says –  Wool is a natural, renewable, biodegradable fibre – grown year-round by sheep on a blend of water, air, sunshine, and grass, according to an industry website. Wool has an array of natural properties that ...

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IMF downgrades UK and US growth forecasts

The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund (IMF). It said “weaker-than-expected activity” in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast. The IMF also revised down its US growth forecast from 2.3% to 2.1%. However, its overall global economic predictions – of 3.5% growth in...

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China is on track for best GDP performance

Doomsayers have plenty to work with in China. The country’s rapid build-up of debt reaching approximately 260 percent of GDP, from 160 percent less than a decade ago. This seems almost guaranteed to herald a financial crash or at least a major correction, quite likely followed by years of stagnation. If the world’s second-biggest economy ultimately defies the doubters, though, this may well be seen as the year things...

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Japanese market in search for top fleece

A Japanese wool broker says that while Australian wool prices have doubled in Japan over the past year, it has not deterred the Japanese from buying. Despite the high prices, Mike Kuritani from Itochu, one of Japan’s largest trading companies, said demand will remain due to an appetite for high quality fine micron wool from Australia. “A new market is coming up from sports apparel, for socks and innerwear,” he said.”...

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First National Woollen Conference for ATCC

The  ATCC (Italian Association of Textile and Color Chemistry) organised the first national woollen conference in Prato addressing the sustainability of processes in line with ecological trends.   Francesco Truscelli, representing the Associazione Nazionale del Commercio Laniero / IWTA – Italian Wool Trade Association spoke on innovative wool products and processes in machining cycles.   The convention was opened by ...

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Italian textile technology at CAITME 2017

At the upcoming edition of CAITME, to be held in Tashkent, Uzbekistan from September 13 to September 15, 2017, 16 Italian textile machinery manufacturers will exhibit in the common area set up by the Italian Trade Agency and ACIMIT.   Among these companies ACIMIT’s associated members include: Beta Machinery, Carù, Cormatex, Durst, Ferraro, Mcs, Pozzi Leopoldo, Ramallumin, Ratti, Rite, Santex Rimar Group, Savio, Sicam...

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