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

Sheep and lamb turnoff up – lower sheep numbers for 2019/20

18 February 2019
Sheep numbers in Australia will be one of the main factors that the Australian Wool Production Forecasting Committee will consider when it meets on 1st April to review its forecast for 2018/19 and consider its first forecast for 2019/20. Sheep numbers at the start of the 2019/20 season will be determined by the number of sheep and lambs slaughtered over the season, the number of live sheep exported, and the number of lambs marked. For the 2018 calendar year, the number of sheep slaughtered was…

Australian wool exports down in volume and value in 2018

18 February 2019
The latest data from the Australian Bureau of Statistics on Australia’s wool exports shows that the volume of Australian wool exports fell 25% in December compared with December 2017, continuing the decline in volumes for every month this season to date. As a result, the volume of wool exported for the first six months this season is 19% below the same period in 2017/18. This drop is no surprise given the 12% fall in wool tested by AWTA to January and the 18% drop in wool offered at auction to…

MEDIA RELEASE: Strong Premiums for Non-Mulesed Wool Continue in 2018/19

11 February 2019
The premiums for non-mulesed Merino wool have remained strong in the first six months of the 2018/19 season, according to data released by AWEX. NCWSBA believes that it is vital that all Australian wool producers are informed of these continued strong premiums and respond to the clear demand signals from the global wool textile industry. The premiums for non-mulesed wool over equivalent mulesed wool averaged between 33 and 53 cents/kg for Merino wool 20 microns and finer in the first six months…

Merino wool prices outperform prices for competing fibres

04 February 2019
All of the major competing fibres have seen a sharp fall in the past six months. For synthetic fibres, this is due to a combination of excess capacity, falling oil prices and lower demand, notably in China. Acrylic fibres have seen the most significant falls and certainly more than the slide in polyester staple fibres. Viscose prices have also fallen sharply. Acrylic prices are down by 15% since October, polyester staple fibre prices are 7% lower and viscise prices have fallen by 12%. For…

High premiums for Non-Mulesed wool

04 February 2019
AWEX has released data showing the average price differences paid for wool with the various mulesing status in the 2018/19 season to December compared with the previous five seasons. The data shows that the premiums paid for non-mulesed Merino wool at auction in the July to December 2018 period were higher than in 2017/18 for several of the Merino microns. Some care needs to be taken with the results as the data for some types is very limited, making them statistically unreliable. For this…

Share of Non-Mulesed wool lifts in Australia despite drought

21 January 2019
The latest data on mulesing status from AWEX is for the first six months of 2018/19. It shows that while a fall in the number of bales declared as Non-Mulesed and Pain Relief in December (down 4% and 10% respectively) and in the July to December period (down 8% and 12% respectively), the decline was much lower than the fall in the total number of bales offered at auction (down 18% in December and 20% for July-December). As a result, the share of Non-Mulesed wool increased to 12.3% for the six…

UK and NZ broad wool prices continue to languish

21 January 2019
While Australian Merino wool prices pulled back in October and November, prices remain at historically high levels. It is interesting to update what has happened to prices in other countries over the past 12 months. There has been a strong ramp up in Merino wool prices since mid-2016 as the Merino price Supercycle took hold. The movements in prices for 28 micron wool have been more muted, but there has been a rising trend since mid-2016. In contrast, prices for broad wool from NZ and the UK (32…

Superfine wool tested rises, sharp drop in total wool tested in November

10 December 2018
The latest statistics on wool tests for November showed a surprisingly large 21% drop in the weight of wool tested in November. At just 32.2 mkg, the weight tested was the lowest tested in the month of November for many, many years. My databases only go back to 2011/12 and the total tested is well below the next lowest, which was 34.3 mkg in 2015/16. The Australian Wool Production Forecasting Committee when it met in 3 weeks ago was not expecting such a collapse in wool tests in November for…

General fall in commodity prices, including wool and other textile fibres

06 December 2018
Wool prices have fallen back from the record levels seen in August. At the same time, prices for other fibres have also pulled back, as have prices for other industrial commodities such as metals and oil. The sharpest declines have been seen for oil, wool and cotton. While each market has its own characteristics and drivers, there are wider forces causing a general decline in commodity prices. This includes the slow-down in economic growth in China, the ongoing trade tensions between the US and…

NCWSBA Logo Welcome

ncwsba logo white

 

The National Council of Wool Selling Brokers of Australia

 

News Flash

The premiums for non-mulesed Merino wool have remained strong in the first six months of the 2018/19 season, according to data released by AWEX. NCWSBA believes that it is vital that all Australian wool producers are informed of these continued strong premiums and respond to the clear demand signals from the global wool textile industry.

The premiums for non-mulesed wool over equivalent mulesed wool averaged between 33 and 53 cents/kg for Merino wool 20 microns and finer in the first six months of the 2018/19 season to December. These are statistically sound estimates by AWEX. There was insufficient data for AWEX to report on the results for 21 and 22 micron wool.

John Colley, President of NCWSBA, said “These results show that the strong demand for non-mulesed Australian wool has continued this season. These premiums of up to 53 cents/kg are much higher than the premiums of between 13 and 30 cents/kg in 2016/17 and are similar to the premiums paid in 2017/18.”

“These premiums for non-mulesed wool are on top of the record prices seen for Merino wool this season. They are also averaged across all Merino wool sold in Australia in each micron category. NCWSBA is aware of much higher premiums being offered by some companies for specific contracts. These premiums show that the market signals are flowing back to Australian woolgrowers to help them in their management decisions about mulesing.”
“It is very encouraging to see that 12.6% of all wool offered at auction this season to January 2019 was declared as non-mulesed. This is a record proportion and shows that Australian wool producers are responding to the market. It is vital that Australian wool producers are informed about AWEX’s latest assessment of the strong premiums being paid at auction.”

NCWSBA notes that the discounts lots of Merino wool that do not have a National Wool Declaration are now between 5 and 13 cents/kg.

“The discounts for wool that does not have a National Wool Declaration have risen this season to as much as 13 cents/kg. We encourage all Australian wool producers to declare their wool, regardless of mulesing status of their wool to avoid this discount.” Mr Colley concluded.

NCWSBA represents the majority of Australian wool brokers, with members accounting for 85% of wool sold at auction in Australia in 2017/18. It is the only national organisation representing Australian wool brokers in Australia and internationally. More details about the organisation can be seen at www.woolbrokers.org.

RELEASED BY:
Chris Wilcox, Executive Director
Mobile: 0419344259
Email: chris.wilcox@woolindustries.org

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.