Home
images/ncwsba_iacf1.jpg
+

Broker Award

The recognition and promotion of excellence in wool broking
+

Wallchart

Get your wall chart with Australian wool industry data from 1979
+

Education

Education/information on the Australian wool industry

LATEST NEWS

Australian shorn wool production down by 10.8% in 2018/19

19 November 2018
The Australian Wool Production Forecasting Committee met on Wednesday 14th November to review its forecast for the 2018/19 season. As I said in the Weekly Newsletter of 12th October, the Committee decided to bring forward its meeting from December to November, partly in response to concern around the world about the wool supply available from Australia this season. The new forecast from the Committee is that shorn wool production will be 305 mkg in 2018/19, down by 10.8% on 341 mkg in 2017/18.…

The End of the 2016-2018 Merino Price Supercycle

12 November 2018
The 9th February edition of the Weekly Newsletter covered the Merino price Supercycles in the past 30 years. These Supercycles differ from the regular price cycles that the wool market experiences - from trough to peak of about 7-9 months followed by a slide to a new trough. These regular cycles are driven by stocking and destocking decisions within the wool textile industry. Every so often we see a Supercycle, one which goes for much longer and involves a much greater increase in prices. The…

Micron price premiums for superfine wool fall

07 November 2018
Since the start of the 2018/19 season to 2nd November, the EMI fell by 164 cents. There have been falls across all microns with the exception of the 32 Micron Price Guide, which has lifted by 6% (from a very low base). The largest fall has been recorded for the Merino Carding Indictor, which is 410 cents or 27% lower. Of the main fleece types, the biggest falls have been for wool of 16.5 micron and finer, which is down by 415 cents (or 14%) since the start of the season. The broad Merino wools…

Chinese economic growth dips on back of slower domestic consumption

01 November 2018
The latest data on Chinese economic growth shows that the growth rate for the massive Chinese economy fell to 6.5% for the third quarter of 2018, down by an annualised growth rate of 6.7% in the second quarter. This is the slowest annualised growth rate that China has recorded since the Global Financial Crisis a decade ago. The growth rate was dragged down by weaker factory activity and lower infrastructure investment. Note that the Chinese economy is still growing at a relatively strong pace…

Consumer confidence keeps rising in US, but softens in Europe

01 November 2018
We are heading into the Autumn/Winter season in the Northern Hemisphere. This period, between October and January, is the most important for the volume of wool clothing sold annually in the major retail markets of China, the US, Japan, Italy, the United Kingdom, Germany, France and Korea. A key indicator of how retail sales may go is consumer confidence in these countries. If consumers are confident, they are far more likely to spend, and spend on higher priced products, including wool…

Wool declared as NM, PR or CM closes in on 50% of offerings

15 October 2018
The latest statistics on mulesing status from AWEX (sourced from the National Wool Declaration) shows that in the first quarter of the 2018/19 season that there was yet another lift in the proportion of wool offered in Australia and declared as Non Mulesed (NM), Pain Relief (PR) or Ceased Mulesing (CM). This wool accounted for 48.6% of all first-hand wool offered at auction in the July to September period. This compares with a share of 43.4% in the July-September 2017 period. NM-declared wool…

Australian wool tests slump in September

08 October 2018
The latest data on wool tests from AWTA shows a sharp drop in the weight of wool tested in September compared with September 2017. For Australia, the volume of wool tested were down by 19.2% compared with September last year. While the volumes in September 2017 was up 9% year-on-year, the aggregate for the month this year is well below any year back at least to 2011/12. There were very large drops in wool tested in New South Wales, Western Australia, South Australia and Queensland, with a…

Merino wool prices at records against cotton, just off records against synthetics

01 October 2018
While Merino wool prices have risen throughout 2018, prices for competing fibres have been more variable, with prices for cotton and viscose falling but polyester and acrylic prices on the rise. This has changed the price relativity for wool prices against these other fibres. There has been a steady lift in the ratio for 21 micron wool against cotton to a record level of 8.16. For 18 micron wool, the price ratio against cotton has risen to 9.68, just shy of the record of 9.78 set on November…

Wool products included in third batch of US penalty duties on Chinese products

24 September 2018
Tensions between the US and China broke out into a full-scale trade war this week as the US announced a third round of import tariffs on goods from China. This latest batch imposes a 10% import duty on US$200 billion of goods from China (effective from 24th September). The first two rounds earlier this year imposed 25% tariffs on US$50 billion of goods imported from China. China retaliated each time with its own punitive import duties on US products, such as cotton, soybeans, wine, fruit and…

NCWSBA Logo Welcome

ncwsba logo white

 

The National Council of Wool Selling Brokers of Australia

 

News Flash

The Australian Wool Production Forecasting Committee met on Wednesday 14th November to review its forecast for the 2018/19 season. As I said in the Weekly Newsletter of 12th October, the Committee decided to bring forward its meeting from December to November, partly in response to concern around the world about the wool supply available from Australia this season. The new forecast from the Committee is that shorn wool production will be 305 mkg in 2018/19, down by 10.8% on 341 mkg in 2017/18. This compares with the Committee’s forecast in August of 322 mkg. The Committee reduced the production level after considering the industry data for the first four months of the season. AWTA tests to the end of October were down by 9.7% for Australia and AWEX data on first hand offerings for the season to date were 13.3% lower. Some of this decline will be due to wool that was sold out of stock last season which is not available this year. Allowing for this and the tough seasonal conditions in New South Wales, Queensland, parts of South Australia, Victoria and Western Australia, the Committee decided to reduce its forecast. The lower production is due to both a decline in the number of sheep shorn and in the annual average weight of wool cut per sheep.

Further details and articles on Australian wool exports and wool prices in Australia are included in full edition of the Weekly Newsletter, available to NCWSBA members.

National Council of Wool Selling Brokers of Australia

Login

Register

You need to enable user registration from User Manager/Options in the backend of Joomla before this module will activate.