The National Council of Wool Selling Brokers of Australia (NCWSBA)

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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. Over 75% 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 two-thirds 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.

2011/12: review of first half and prospects for second half

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The first half of the 2011/12 season has seen the wool market sustain very good price levels in spite of wool demand weakening. Wool supply has pulled back and, while wool prices have dipped from the exceptionally high levels seen at the end of the 2010/11 season, prices remain well above year earlier levels. The NCWSBA Executive Director says that the wool market enters the second half of the 2011/12 season at a key point, with a delicate balance between supply and demand.

Bouyant mood at IWTO in China

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The mood at the International Wool Textile Industry's 2011 Congress In Hangzhou, China in early May was probably the most positive and optimistic seen for many years, according to the NCWSBA's Executive Director..

Additional Information

Newsflash

The latest wool production forecast from the Australian Wool Production Forecasting Committee for 2011/12 has come in at 345 million kilograms (mkg), the same as last year, with wool production expected to increase slightly in the 2012/13 season by five mkgs. Wool production gains for 2011/12 across South Australia, Victoria and Tasmania are forecast to be negated by drops in wool production in Western Australia and Queensland, with New South Wales production steady. The Australian Wool Production Forecasting Committee (AWPFC) reports lower than expected fleece weights as being the key driver in the slightly reduced forecast from the December estimate, although the number of sheep shorn would also appear to have not risen by as much as the lift in opening sheep numbers. The AWPFC has also made their first forecast for the 2012/13 season and has forecast an increase in wool production by 1.4 per cent to 350mkgs. The increase in wool production for 2012/13 is expected to be largely driven by an increase in opening sheep numbers as woolgrowers seek to increase their wool flocks.