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LATEST NEWS

Increased raw wool imports by all major processing countries

18 June 2018
There has been an 11% increase in exports by the five major wool producing and exporting countries for the 2017/18 season to April. New Zealand and Uruguay have seen a very strong increase in exports this season after the dismal declines in 2016/17. Exports from Australia have increased more modestly, exports from Argentina are on par with 2016/17 levels (but have increased strongly in the past few months) why exports from South Africa are down a little. This increase in exports from the five…

Increased volume of Non-Mulesed and Pain Relief wool in Australia

12 June 2018
Data from the National Wool Declaration to May released by AWEX shows a continued increase in the volume of wool being offered at auction that is either declared as Pain Relief (PR) or as Non-Mulesed (NM). However, there has been a drop in the amount of wool declared as Ceased Mulesed (CM). For the 2017/18 season to May, there has been a 20% increase in the number of bales declared as NM and an 18% increase in the number of bales declared as PR. There has been a small 1% increase in the number…

EMI at nominal records, but 1988 level twice as high in real terms

04 June 2018
The sharp rise in the EMI in the past 12 months and particularly in the past month has been terrific news for Australian woolgrowers who grow Merino wool and all growers around the world who have Merino sheep. The move above the $20/kg mark is indeed momentous. However, the record nominal level is illusory as it does not allow for inflation: $1 now is worth less than it was 5 years ago, 10 years ago, 30 years ago. It is worth looking again at prices in real terms (i.e. adjusted for inflation).…

China’s raw wool imports continue to rise

28 May 2018
The latest data on China’s trade in wool and wool products from the China Wool Textile Association shows that imports of raw and semi-processed wool by China increased sharply in March after declining in February. While imports from all sources increased by 39% in March compared with March 2017, the most significant increases were seen for imports from New Zealand (+88%), Uruguay (+86%) and ‘other’ countries (+80%). Imports from Australia lifted by 16%. For the 2017/18 season to March, China’s…

Positive conditions for the global wool textile industry and stocks under control

28 May 2018
The results from the annual survey of wool textile conditions from the IWTO show that business conditions are positive right through the wool textile industry, including for interior textiles. Each sector is seeing above normal activity levels and better than last year. Each sector also reports that activity levels should remain above normal levels to the end of the year. Furthermore, the Survey results suggest that stock levels at each stage are at normal levels. In the case of the early stage…

Value of Australian wool exports at 15 year high

28 May 2018
The latest data from the Australian Bureau of Statistics on Australia’s wool exports shows that Australian wool exports fell in March by 3% in volume terms but increased by 16% in value terms compared with March 2017. The decline in volume was driven by a 6% drop in exports to China. There was also a fall in exports to South Korea and Taiwan. The volume of exports to other countries increased in March. While the volume change was variable, the value of exports to all of the major destinations…

Australia’s wool test volumes of superfine wool hit records in April

28 May 2018
The wool test statistics from AWTA show that after falling in February and March, wool test volumes increased by 12% in April compared with April 2017. Part of this increase was due to an extra working day in April given that Easter fell at the end of March/early April this year. It brings the year-to-date wool test volumes to a 0.9% increase for the 2017/18 season to April. There has been a significant increase in the volume of wool tested at either end of the micron range. Volumes tested of…

Sheep slaughter numbers up 25%

30 April 2018
Despite positive intentions among Australian woolgrowers to maintain or increase their breeding ewe flocks, the latest available data from the Australian Bureau of Statistics shows that the number of sheep slaughtered was 25% higher in the eight months of this season to February 2018 compared with the same period last season. At the same time, saleyard prices for sheep for slaughter remain at high levels despite the added supply. After remaining below year-earlier levels for more than 2½ years…

Price premium for Merino wools over other fibres remain near historic peaks

23 April 2018
Since December, Australian Merino wool prices in US$ have lifted by between 3% and 21%, with the most significant increases seen for 21-23 micron wools. Fine and superfine wools (i.e. 19 micron and finer) have seen more modest increases of 3% to 5%, because they had experienced strong rises throughout 2017. Broader wools from Australia (such as 28 micron) have seen prices lift by 20% after languishing for some time. At the same time, prices for the main competing fibres of cotton, acrylic and…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

  • The Australian Wool Production Forecasting Committee (AWPFC) met on Wednesday, 18th April and decided on its updated forecast of Australian shorn wool production for 2017/18 and its first forecast for 2018/19. These forecasts were released on 20th April.

    The updated AWPFC forecast of shorn wool production for 2017/18 of 338 mkg greasy (a slight 0.6% fall compared with 340 mkg produced in 2016/17) is lower than the Committee’s December forecast of 345 mkg. Seasonal conditions have been much drier than the Committee expected in December, which has resulted in a sharp lift in the number of adult sheep slaughtered. For the July-February period, the number of sheep slaughtered was 25% higher this season compared with 2016/17. As well, Autumn shearings suggest that fleece weights are down in most states. This is reflected in AWTA tests in February and March, which were down by 9%.

    The Committee’s first forecast for the forthcoming 2018/19 season is that shorn wool production will fall by 1.7% to 333 mkg. This will probably be a surprise to casual observers given that Merino wool prices have been at such high levels for an extended period. While growers are keen to rebuild flocks, the dry seasonal conditions in many major sheep producing regions are preventing this.

    Download the full media release AWPFC Media Release 20th April 2018

National Council of Wool Selling Brokers of Australia

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