Welcome to NCWSBA

The National Council of Wool Selling Brokers of Australia is the only national organisation representing wool brokers on all issues that affect the Australian wool industry. The vast majority (85-90%) of all wool sold in Australia is sold at auction by wool brokers, who act as the agents for woolgrowers, selling wool on their behalf. Wool brokers are the auctioneers for their client growers.

Members of the NCWSBA account for over 80% of wool sold at auction each year in Australia and come from all states of Australia, including Australia’s largest wool brokers.

The NCWSBA has represented the industry interests of Australian wool brokers in Australia and internationally since 1919 and is recognised by all in the industry within Australia and internationally and by governments in Australia at both national and state level. It is a member of the Federation of Australian Wool Organisations.

 

Where do current wool prices sit historically?

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20th February 2017

The EMI is at the highest level in A$ since July 1991 on a like-for-like basis but none of the micron price guides are at the highest level. Only the Merino Carding Indicator is currently at the highest-ever level (although AWEX has only been reporting this series since July 2003). Nevertheless, the prices as at 17th February in A$ terms for the various Micron Price Guides for Merino wool were at the 90th percentile or better. Crossbred wool prices were below the 90th percentile. The current price levels in US$ terms are lower in percentile terms than are the A$ prices, but are still above the 70th percentile. The EMI in US$ at 17th February was around the 94th percentile. In other words, the current EMI is within the top 6% of prices since 1991 in US$.

Full details including a set of 14 charts showing the A$ and US$ price distributions for the EMI and Micron Price Guides for 18 micron, 19 micron, 21 micron, 23 micron and 28 micron wool, as well as for Merino Cardings is included in the NCWSBA Weekly Newsletter for the week ending 17th February 2017, available to NCWSBA members.

 

 

 

Value of wool exports surge to 14 year high

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13th February 2017

The latest statistics from the ABS on Australian wool exports show that both the volume and value of exports from Australia lifted in December. Wool export volumes increased by 6%, with exports to the Czech Republic up by 20% and exports to Italy 22% higher than a year earlier. For the first six months of the 2016/17 season (to December), the volume of exports was 7% higher at 156.4 mkg greasy. This was mainly due to a 14% lift in exports to China, which has brought China back up to the same level as in 2014/15. The export volumes to most other main destinations were down in the first six months, with a significant 39% drop in exports to Malaysia. Exports to India, the second largest destination declined by 11%. The value of wool exports from Australia increased by 12% in the first six months, to $1.46 billion. This is the highest total value for the first six months of the season since the 2002/03 season. The major driver of the increase in export value is China, with a 20% leap in export value to $1.11 billion. This is an all-time record value of wool exports to China from Australia for the first half of a season.

Full details including a chart showing the value of Australia's  wool exports by destination for the past few seasons is included in the NCWSBA Weekly Newsletter for the week ending 10th February 2017, available to NCWSBA members.