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Latest Wool Trading News - April 2017

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Australian wool production higher

The Australian Wool Production Forecasting Committee (AWPFC) has revised its forecast of shorn wool production for the 2016/17 season to 339 million kilograms greasy, a 4.3% increase on the 2015/16 season and slightly higher than forecast at its December meeting. Committee Chairman, Russell Pattinson said that “as the Committee expected in December, the excellent seasonal conditions in virtually all of the major shee...

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IWTO Congress 3-5 May 2017

Wool textile industry will meet at the 86th annual IWTO Congress in Harrogate, Yorkshire in the United Kingdom on 3-5 May 2017 A must-attend event for the wool textile professionals from all parts of the supply chain, the annual Congress offers a broad programme covering market trends, trade issues, education initiatives and more, along with a lively social agenda and partners programme. The Young Professionals Progr...

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What’s happening to wool prices?

Australian and South African wool prices have lifted, while NZ and UK wool prices have dropped, and China’s Trade Data shows a very mixed picture for 2016/17. Merino wool prices in Australia have risen sharply in this season. The contrast between superfine wool prices in Australia with prices for other wool’s is stark, particularly for broader wool from NZ and the UK.   The Australian Eastern Market indicator is curr...

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Australian wool exports up

Data from the Australian Bureau of Statistics on Australian wool exports for February shows that the volume of wool exports declined by 10% in February, but the value of exports lifted by 1% for the month compared with a year earlier. For the 2016/17 season to date, Australia’s wool exports were 6% higher by weight and 12% higher by value than for the same period in the 2015/16 season. The main reason for the increas...

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Australian Wool Market Commentary from AWI (28 April 2017)

Erratic price movements in the Merino fleece and skirting sectors and stable pricing in the carding and crossbred sector was the trend at Australian wool auction markets this week. The market in the Merino fleece initially struggled to find a level where buyers were happy to support and prices for wools broader than 18 micron drifted downward by 30ac clean/kg. This negative trend failed to last more than a day and pr...

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New Zealand Wool Market Report (27 April 2017)

6,150 bales on offer from the North Island saw an 70 percent clearance with slightly easier levels compared to the last comparable North Island auction.   The weaker New Zealand dollar against most of the traded currencies saw the weighted indicator come down 1.95 percent compared to the last sale on 20th April.   The recent high season wool flows have taken pressure off sourcing wool with immediate scouring and grea...

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South African Weekly Market Report (26 April 2017)

The wool market traded lower at this weeks’ auction and the Cape Wools Merino Indicator decreased by4,4% and by 729 points to close at a value of R159,44 (Clean). The Australian EMI gained 2,6% this week. The Cape Wools All Wool Indicator lost 4,4%. After a good run, where the wool market had consistently traded higher for four consecutive periods, the tide eventually turned and the golden fiber shed some value. Fine...

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Market for high visibility apparel set to rise markedly

The market for high visibility apparel is set to rise markedly in the coming years, according to a report in the latest issue of Performance Apparel Markets from the global business information company Textiles Intelligence.   The rise will reflect a number of factors, including increasingly stringent legislation governing the use of high visibility protective apparel, rapid industrialisation in developing countries,...

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Falling NZ meat and wool exports down

Falling volumes are forecast to push NZ meat and wool exports down to $8.2 billion in the year ending June this year. That was a 9.6% drop from the previous year and $40million lower than the previous forecast in December last year, a new quarterly update of the Ministry for Primary Industries’ Situation and Outlook for Primary Industries said.   Wool export revenue was forecast to fall 19% to $620million in the year...

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Australian Wool Industry Medal Launched

The Federation of Australian Wool Organisations Inc. (FAWO) announced the launch of the Australian Wool Industry Medal to recognise men and women who have made an exceptional and sustained contribution to the Australian wool industry. The award was announced by the FAWO Chairman, Robert Ryan OAM, at the Sydney Royal Easter Show on 7 April 2017.   The Minister for Agriculture and Water Resources, the Hon. Barnaby Joyc...

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China policymakers bullish on economy

Policymakers in China are pushing a bullish message on the world’s second-biggest economy after a solid first quarter pointing to a slowdown in capital outflows and a stable yuan after a selloff last year stoked fears of instability. Speaking at a G20 summit meeting of the world’s top economies in Washington last week, finance minister Xiao Jie said an increasing number of positive signs were seen in the Chinese econ...

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Tommy Hilfiger’s latest THFLEX wool campaign featuring Rafael Nadal

The Woolmark Company has partnered with Tommy Hilfiger for its latest THFLEX campaign, as part of the high-end brand’s Tailored Collection for Spring/Summer 2017. Tennis ace Rafael Nadal returns as the face of the collection, who for three seasons has fronted the THFLEX campaign. The current campaign takes suiting to innovative new heights, unveiling three lightweight, high-performance, Woolmark-certified suits that ...

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H&M plans 20-plus stores in India

H&M (Hennes & Mauritz AB), the Swedish multinational clothing retail company and international fashion retailer opened its 16th and first store in Hyderabad on Saturday. The company-owned outlet will occupy two floors spread over 33,000 sq ft in InOrbit Mall. Janne Einola. Its country manager said that H&M, which entered India 18 months ago, has been doing well. They earned₹194 crore with a modest profit of ₹1.4 cror...

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Euro jump after French vote

The euro jumped to a five-month high after the first round of voting in the French presidential election. Centrist Emmanuel Macron topped the voting, going through to the final round with far-right Marine Le Pen. Investors had worried that far-left Jean-Luc Mélenchon would beat Mr Macron, giving voters a choice between two Eurosceptic candidates. At one point, the euro hit its highest level since mid-November, and Fr...

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Young Australian wool growers head to see Chinese supply chain

With a majority of Australia’s wool heading to China, a group of young wool producers have had the opportunity to see where it all goes. The trip, organised by Australian Wool Innovation, involved a group of 15 producers from around Australia travelling together to see mills, factories and the final product in retail. Eddie Morgan runs a merino property with his parents in the north-east of South Australia, and said ...

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India to stop import of silk from China

The Chairman of Central Silk Board of India, K.M. Hanumantharayappa , has taken the decision to stop the import of silk from China, according to an article published in YarnsandFibers.com Currently India produces 28,000 to 30,000 tonnes of raw silk every year as against its requirement of 34,000 tonnes. A shortfall of 4,000 to 6,000 tonnes is being made good by imports from China. According to him, though Karnataka a...

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